I cannot believe how much the dollar is being pumped. Its insane given the 16.2 T debt. That beaver may have his dam blocked for now, but its fixing to turn into Niagra falls when reality economics is implemented.
Reality Economics? Now that would be something new...
The $16.2 trillion debt is only one part of the threat to the dollar. The unfunded liabilities of $220 trillion are what will keep it moving upward and represent the solid fuel for gold's eventual super spike.
Watch the curve of those liabilities coming due and payable for timing golds ascent against the dollar.
IMO there should be a bipartisan revenue stream to tackle the gov't debt. The work required is too big for both parties to do. One party suggests simply cutting all social services, that would throw the country into anarchy and a police state like posture reminicent of WW 2 Germany and the secret police tactics. The other is for a more pluralistic reforms involving redistributing tax streams and tax percentages across the range of income earners while finding a way to keep SS/ medicare going. national healthcare (funded by reasonable taxes) and the elimination of the strangle hold private insurance has on the country almost made it. Another 20 years and we'll be there.
"One party suggests simply cutting all social services, that would throw the country into anarchy and a police state like posture reminicent of WW 2 Germany and the secret police tactics"
This message brought to you buy The DNC. Feel free to point out where either party has suggested cutting all social services? The party of "all we have to fear is fear itself" has transformed to all we have to offer is fear itself. What part of we don't have the money do you guys not understand. What we are doing to future generations is immoral.
yes, bipartisan. Increased tax revenue and decreased spending are required. No sacred cows.
Increased taxes (closing loopholes + a national consumption tax + lower national income tax = spurred jobs)
Decreased spending: capping SSA benefits, increase age requirement, decreased defined benefits for public employees, Obamacare elimination, tort limit reform, no more TSA, troop withdrawal, close many overseas bases (relocated staff to local communities in US which spurs the economy in that region), decreased foreign aid, import taxes on certain China-made goods until they have stronger copyright enforcement, true power grid upgrades, nuclear power...
Restrictions on moving between gov't policy makers and corporate management (less deal making)