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James Turk at KWN: Debt limit isn't raised -- it's waived for a year
1:35p ET Monday, July 29, 2019
Dear Friend of GATA and Gold:
GoldMoney founder and GATA consultant James Turk tells King World News today that Congress did not just raise the U.S. government debt ceiling the other day but removed it entirely for a year. That is, Turk says, until next July there is no statutory limit on what the U.S. government can borrow and spend, even as growth in government debt is no longer stimulating the economy. Turk says that what von Mises called the "crack-up boom" -- hyperinflation -- may be near.
Turk's comments are posted at KWN here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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