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RE: The US Dollar Is Screwed Part 2 - How I'm Protecting Myself
Great post, this information needs to get out there so good for you. In your part 1 you said there are only 2 options to this debt problem, default or inflation. I would like to add that there is a third way out of this massive debt problem. The US treasury could print there own currency notes, just like the Fed does and pay off all the government debts and make a clean start. I think the last time this was contemplated was by non other than the great JFK, and we all know how that ended. Cheers @silverbug
Thank you, I appreciate it.
Regarding this point:
How is that different than inflation?
It's not inflationary because it go into the Fed and cancels the debt, not into the economy. It will be inflationary when they spend it into the economy but at lest there is now interest attached, so there is no need for tax either.Cheers