“The only reason we haven’t seen the full brunt of this crisis yet on the federal level is because we’ve just continued to pile on more and more debt.”
This is true, but your debt/GDP ratio is actually pretty solid. Especially when compared with Europe and Japan.
If the Chinese want to piss away money then that’s their decision to make. I’m long on the US Dollar, provided it remains where it’s at I’m making money.
Then there’s the EURO which has completely fallen apart and continues to collapse. Why on earth would I want to be buying Euros in the middle of their sovereign debt crisis?
RE: Why on earth would I want to be buying Euros in the middle of their sovereign debt crisis?
You wouldn’t. You would want to look at the currencies of countries that have better finances though. The Aussie and the Swiss Franc come to mind.