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‘We’re going to have to have a severe recession if we’re ever going to build a viable economy’: Here’s why one market expert says the US is doomed to default on its debt no matter what

“We’re going to have to have a severe recession if we’re ever going to build a viable economy,” he concluded” writes Christopher Competiello for businessinsider.com. With all of that under consideration, Schiff sees two possible ways that this mess will play out: An honest default or a dishonest default.Schiff describes this method as just printing money, but according to him, that will result in hyper inflation.In Schiff’s opinion, the Federal Reserve’s affinity for printing money is going to result in runaway inflation — and as a result, he expects a massive exodus from the greenback.”I think inflation is going to break out all around the world.”.
 
Source: businessinsider.com



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