Shervin Pishevar warns U.S. government heading off fiscal cliff

Shervin Pishevar may not be known to the average American. But within Silicon Valley circles, he has become somewhat of a messiah to venture capitalists. Shervin Pishevar has enjoyed one of the most successful entrepreneurial careers of anyone in the U.S. tech industry. As the founder of dozens of startups, he has been the driving force behind such innovative companies as WebOS, Ionside and Social Gaming Network. As a venture capitalist, he has been instrumental in the early funding of such world-famous names as Virgin Hyperloop, Uber and Airbnb.

Shervin Pishevar also somehow finds time to operate one of the most-followed Twitter accounts of anyone in the tech world. With nearly 100,000 followers, Shervin Pishevar is among the most influential financiers in the tech world today. When he speaks on matters of national import, some of the brightest minds in the country are sure to hear his opinions.

Recently, the inveterate entrepreneur unleashed a volley of tweets that left many in the economics profession stunned. Specifically, Pishevar made the argument that the United States is currently facing economic ruin if it is unable to reign in spending and control its levels of debt.

Pishevar says that the United States government now has the ignominious distinction of being one of the few advanced countries on Earth whose debt far exceeds its GDP. He says that history is littered with the ruins of nations that followed such foolish economic policies. Pishevar warns that the United States, unlike declining empires of old, is now saddled with an immense welfare state that has grown, like a malignancy, to now threaten its very existence.

Pishevar points out that the vast majority of government expenditures are now in the form of mandatory entitlements. This means that the U.S. government increasingly cannot trim the fat off its socialist-gluttonized budget. He says that the likely response to the impending default on these obligations will simply be to follow the path of least resistance: printing dollars by the trillions.

This almost inevitable action, says Pishevar, will lead to hyperinflation. Soon after, Americans will become experts in all the ways that rat can be prepared for palatable consumption.

https://www.forbes.com/profile/shervin-pishevar/

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