We all probably agree there's currency war being waged. We all probably agree spending is out of control
So assume we cut spending in social programs,medicare, all entitlements. Then, assume we stop buying Treasuries and put a halt to the printing.
Will the rest of the world follow suit OR would they continue to try and compete for global exports with weaker currencies? Where does that leave us?
Me thinks we have a bigger problem.
Tell me how that works?
That's why all this madness will continue.
Not one (in our lifetime) of the major trade partners is defaulting.
And they are not likely backing their currency (officially) with AU.
It'll be more of the same for a loooong time.
And, the same means, no inflation affecting pencils. Only impact is on food and energy,roughy 40% or more of your paycheck. $50 veal chops. $1,000 Christmas trees. $10 coffee.And a movie night out with wifey, a large coke and popcorn, about $60.
BTW, frozen Absolut wasn't bad.