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Given that sobering report, consider that everything in America, from food to fuel, is subsidized in one way or another. Those subsidies are being paid with ever-increasing debt. It is inevitable that at some point the world’s reserve currency, the US dollar, will be wiped out. The trigger for such an event is irrelevant. What is relevant, is how average Americans will be affected when that day comes.
In recent months working Americans have seen their health care costs triple. But this is just the beginning. When America’s debt problems come to a head the subsidies will be removed, and that will lead to cost of living increases that will leave those who never saw it coming in a state of confusion and bewilderment with no way out.
Marin Katusa of Casey Research, who has met with business and political leaders in over one hundred countries and is one of the most successful contrarian investment analysts out there, has some thoughts on the matter.
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1 Comments in Response to Game Changer: It Will Be Shocking for the Average American: “Your Cost of Living Will Quadruple”
Time to get Hillary into the Presidency. We need some popular figure to blame for the crash.