Irish Mortgage Brokers Blog

Robert Schiller talks about the current US economic situation, he is also one of the first to publicly talk about the great rip-off which was rule 6102, this was when the US confiscated gold while devaluing the dollar via a changed gold standard (essentially defaulting on the previous debt promise that was represented by the dollar).

He talks about the debt consequences of the current US economic trajectory, the figures are not good. The upside risk of inflation will increase over 2009 as monetary policy solutions start to play through the real economy.