Ultimately, a return to sound money is a solution that will do less damage than fiat currencies losing their purchasing power at an accelerating pace. Think Venezuela, and how sound money would solve her problems. But that path is blocked by a sink-hole that threatens to swallow up whole governments. Trying to buy time by throwing yet more money at an economy suffering a credit crisis will only destroy the currency. The tactic worked during the Lehman crisis, but it was a close-run thing. It is unlikely to work again.
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The USA, and all the Western Gooferments, are screwed.
Their inability to “discipline” the “wants” from the real “needs” will be their downfall.
The USA’s current 18.8T$+ national debt (as of 2015) and the guesstimated 200T+ in unfunded liabilities that our posterity will have to deal with just tells you the WHOLE story.
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