Bye-Bye Greenback
We’re closing in on $35 trillion… Current budget deficits are far north of 6% of GDP… Neither presidential candidate has expressed any interest in restoring fiscal sanity… And the Federal Reserve, up until very recently, was still enthusiastically planning to cut rates even in the face of persistent inflation. You’d be insane to have any faith at all in the U.S. dollar. And yet, somehow, it gets worse.
We’re closing in on $35 trillion… Current budget deficits are far north of 6% of GDP… Neither presidential candidate has expressed any interest in restoring fiscal sanity… And the Federal Reserve, up until very recently, was still enthusiastically planning to cut rates even in the face of persistent inflation. You’d be insane to have any faith at all in the U.S. dollar. And yet, somehow, it gets worse.