k0xxx
Mr. Sunshine
I agree completely. Every fiat currency collapse has been caused by excessive debt, followed by the respective government printing money to buy its' own debt. Last year the U.S., through the Federal Reserve and other U.S. government entities, purchased 80% of our own debt. Without a massive withdrawal of currency from circulation and an extreme rise in interest rates, I believe the dollar will be toast (and may be regardless).VT-Chicklit said:I believe we are being given signs about where we are headed. You know the old saying that states "he who does not know history. . . is doomed to repeat it." We are following down the path of the Weimar Republic (with slight variatrions) also Zimbabwe comes to mind.Many Americans are arrogant enough to think it cant happen here. I believe they are wrong.
I would LOVE to be proved wrong on this.