Gary North

"If you wonder why the United States can import goods, year
after year, which buyers do not pay for through present
production, think of a rich aunt who sells off her jewels, year
after year, to meet living expenses. Finally, she takes out a
reverse mortgage on her home. She gets income. She loses
equity.

"The bad news is that her heirs will inherit nothing. The
good news is that the home's owners may allow the heirs to rent
the house at a market rate."

www.garynorth.com