In front of the House Ways and Means Committee today, new Treasury Secretary Geithner refused to answer a simple question: "Where's the money for the stimulus and other programs coming from?" When pushed to answer, he once again rolled out his tired rhetoric that what he's doing is necessary. He never answered the question on where the money's coming from.
He didn't answer because we know where it's coming from, and we know it's bad: the money will be printed. More fiat currency. Another great increase in the money supply, which is how we got into this mess.
Unfortunately, the cowardly congressman who asked the question allowed himself to be distracted, and another coward took over and asked some irrelevant questions. A dog and pony show that means nothing.
Have you been buying your gold? Is your exit strategy in place?
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