David Lentz

Gold Bull Sees Huge Run for Gold

Another thought that occurs is that if foreigners effectively "own" the Treasury -- or at least the Treasury's ability to sell more debt -- that they might decide to exercise some control, and that we might see our taxes going up a lot more than politicians would be otherwise inclined to do, in order to shore of all that debt they hold.

While the Treasury can "print" all the "money" they want, since that "money" is "printed" by issuance of debt, all that has to happen to make that an undesirable strategy is to refuse to buy it. You can't push a string. Anybody know what the rate is on Zimbabwe bonds?