US Debt Ceiling Breached Again

If the debt clock numbers are correct, the US debt now stands at 15.244 trillion dollars. Last summer, there was a long debate in the congress / senate to raise the debt ceiling to 15.194 trillion dollars (approved by the senate on the 8th September 2011). So now, early in 2012 (4 months later), it seems another debt ceiling debacle is in the making during a presidential year. That should be fun to watch.

Mike Maloney: The Coming Debt Collapse and Currency Crisis

Great 90 minutes video with Mike Maloney where he shows long term investment cycles including a part explaining how a debt collapse will occur followed by massive money printing where a currency crisis will happen with the US Dollar (hyperinflation).