Good post. I thought Hillary would have been best.
Part of the problem is Politicians are not economists - far from it. And our economy is run by an elite group - the FED - the Treasury (do they have general accounting dept too, Medcare projections, Social Security prjections, and Miltary, etc)- and the IRS. The FED listens to business ... the rest to the Prez. H and S spends. So there is no getting away from Politics! LOL!
2nd problem is economists are not mathematicians. They probably flunked higher math is why they became economists. Not really true though. Most economists didn't take higher math. Economics is more fun for them.
What is not understood well is Golbal forces in this economic system. No one understands it. The dam is springing leaks and they don't know how to plug it up. Not that I do.
I think the world is getting tired of the US debt. That ripple effect has yet to happen and the dam will spring a couple more leaks.
The only thing I know to do is put my money in the best place I know. Gold seems to be it. I think I see why this current down 2 seek turn happened. We'll see.
About every 20 years the US economy hits a big bump in the road. This one looks really big. I think they are handling it as well as can be expected. Can't start a war we are there ... can't drop off a standard we have - none left ...
So go back on a gold standard? That has not been tried.
However has the most gold rules. US has 8,000 tons.
I don't know how they would get back on one with this much debt. If gold went up 30X that would do it for the US with gold backed bills ... the world might accept it at 10X current price too or lower.
They talk about an Amero too now ... but I suspect that will happen like the Rubel to Kopec if it does. The world will beg for an Amero ... I don't think Canada will buy it. I don't know.
Gold backed Amero ... let the dollar slide - gold go up - introduce the gold backed Amero ... Canada might go for that ...