http://usawatchdog.com/catastrophic-meltdown-coming-to-america-doug-casey/"The problem is all the money they are printing is coming out of a financial fire hose at the Federal Reserve. The rich guys are where the fire hose is, and the little people are just getting some dribs and drabs. This is why the country is becoming polarized, where the rich are becoming richer and the poor are becoming poorer. It’s exactly because of these government actions that are incredibly stupid. . . It’s just bailing out the rich. The prognosis is extremely grim. There’s no way out.”
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Actually this game of borrowing new money to pay back the old debt can go on forever, as long as government can borrow more money from the FED, and FED can print as much as they want
But during this process, FED bought more and more assets through money printing, and eventually they own almost half of the asset in this country through money printing, because of this ownership loophole (they own all the money they printed)
That is indeed a very grim future: Under a gold standard, in order to claim the ownership of newly created money, banks must pay some thing valuable in exchange for gold from gold miners, so they are just like any other business doing fair trading. But now, they can just print money and buy everything they want, and the deeper the crisis, the more they buy
The sad thing is, even if you know this is happening clearly under sunlight, you can't do anything about it, they already have the owership of those assets and it is protected by law
