That’s what I see also. And even if by some nutty sequence of events the dollar doesn’t crash, I think it’s gonna be very high interest rates, or very high inflation. Our country has never faced anything like this. And even worse, the people running things are determined to bring in an authoritarian socialist-based government. This is a design, not happenstance that they couldn’t have foreseen.
So if a person has a $1 million plus 401K, should they shift it to short term government securities.
How do you diversify to minimize risk in this crazy market?
The irony is that you can find quotes from most of our leaders today about debt and the dangers of deficit spending years ago.
It seems like our nations leaders, observers (media), and bankers have lost their grasp on reality. It is almost biblical because the story can only end one way - great pain for the people and a loss of reserve currency status.
This paves the way for a more authoritarian “government” and one world government for whomever controls the reserve currency and central bank (it won’t be the US). We will cease to be a “superpower” quickly because maintaining and projecting “force” is very expensive.
The current numbers are staggering and the future “promises” of entitlements are incomprehensible. There is no way we could maintain the status quo, meet our promised obligations, and service the interest on the debt. The “dollar” as we think of it is dead.
The US is not all that popular around the world and imagine what our “brand” is going to look like after we collapse central banks all around the world. Our nation is woefully ignorant about economics and as you say - our leaders are either more stupid than we thought or this is deliberate.
I have felt that way for decades. I just changed my tagline to the only thing that fits...... a grand delusion and time of lies.....