After Zimbabwe, it appears that it is Pakistan's turn to enter hyperinflation.
The budget is double the revenue. It is unsustainable. Army gets bulk of the budget and
is a state within a state. Spending cuts cannot happen. The economy is in a downward spiral. The fall of Pakistani Rupee will only accelerate and hyperinflation will be obvious in the next few years.
Wednesday, September 29, 2010
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