I received this in an email today...
"After all — they know that U.S. Treasury Chief Timothy Geithner is going panhandling this week — begging and borrowing every penny he can to fund Washington’s precedent-shattering $1.6 trillion budget deficit.
Today, Geithner will rewrite the history books by dumping an all-time record $43 billion in new U.S. Treasuries on the market in a single day.
PLUS, tomorrow and on Friday, Geithner will return to the trough, borrowing an additional $69 billion to keep the lights on in Washington.
That’s a total of $112 billion in U.S. Treasury borrowing in just three, short days!"
By all accounts it seems to be true... What do you think will happen when all this debt comes due? Hyper Inflation maybe? I think we should become serious about storing our treasures in heaven.
Have a blessed week,
Pastor Steve
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