Economist Steve Hanke: This Will Bankrupt U.S.; Massive Inflation Next
Economist Steve Hanke argues that U.S. Treasury financial statements confirm the government is technically insolvent with $136.2 trillion in liabilities against $6.1 trillion in assets, warns that a prolonged Iran war would exacerbate this fiscal crisis through trillions in unbudgeted costs, and predicts inflation will continue rising after accurately forecasting previous trends.