America turning into a banana republic ?

I said the same thing a few times pointing to the necessary step Bill Gross pointed out that the government have to throw trillions at that problem and my assumption is rather double digit as the banks need alone over 5 trillion to cover the recent losses plus to turnaround a 14 tril economy per year you need to spend 10-20 % of that to turnaround the momentum but that comes at the high cost of high to hyperinflation since at some point the credibility of those governments will be a junk level.
The fact that president Obama is so vane that he got such a kick of flying Airforce 1 for 200 miles distance confirms unfortunetly his vanity is one of his weakest spots and makes him easy to manipulate, which he obviously must be due to his poor choices for many positions in his administration.
His first priority would have been integrity as number 1 priority with no compromises but it turns out to be the opposite. I can see by his chart that he will have some big challenges ahead and frustration as the Saturn Uranus opposition is exactly on his Mars and Pluto opposite his Venus just to name a few. To talk the talk is easy anyone could do that ...

US Inflation Could Hit 200%: Dr. Doom

The US risks being hit by Zimbabwe-style hyperinflation and there are signs that the world's biggest economy risks turning into a banana republic, Marc Faber, author of the Gloom, Doom & Boom report, told CNBC's "Asia Squawk Box."

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"In the US, we have a totally new school, and it’s called the Zimbabwe school," Faber said. "And it’s founded by one of the great leaders of this world, Mr Robert Mugabe, that has managed to totally impoverish his own country. And that is the monetary policy the US is pursuing."

The government's increased intervention in the economy is likely to slow down economic growth because history shows that every time the private sector shrinks to make way for the government sector, the economy suffers, he said.

Asked whether the US risked being faced with 200 percent inflation, Faber answered: "Well, not yet. Not yet. But I think eventually. If I look at government debt in the US, and debt in general, I think the only way they will not default physically on their debt is to inflate."

The Federal Reserve's policy of printing money and the government's intervention in the economy might undermine the US's economic and political clout, Faber warned.

"Well, I wrote two years ago a report entitled 'Is America becoming a banana republic?' And there are some features that characterize banana republics- totalitarian states, very strong government intervention into the economy, and the polarization of wealth," he said.

"And we have all these trends occurring in the US. We are not yet there. And in theory it could be reversed, but I doubt it will be," Faber added.

Because of these factors, US government and corporate bonds, including that of CNBC parent General Electric [GE 10.85 -0.41 (-3.64%) ], should be downgraded, he said.

"Yeh, I think GE should be a junk bond. But I also think the US government should be junk," Faber said, adding: "I don’t pay much attention to rating agencies. The rating agencies have totally failed over the last 3-4 years to identify sick companies."