To: Buckeye McFrog
The U.S. dollar is stronger right now than any currency in the history of mankind.
Think about it ...
We are $22 trillion in debt, and spending money like there's no tomorrow. And yet long-term U.S. Treasury bonds are posting an interest rate that's barely over 2%. There's no reason why these two things should be happening at the same time, but they are.
We may have literally reached the point where the U.S. dollar rules the financial world and has no competitors.
21 posted on
08/13/2019 10:48:01 AM PDT by
Alberta's Child
("Knowledge makes a man unfit to be a slave." -- Frederick Douglass)
To: Alberta's Child
We may have literally reached the point where the U.S. dollar rules the financial world and has no competitors.
Yup. And it has a downside, which is this:
We will be able to crank the printing presses up to 11 to print-and-spend for Socialist programs, with little or no repercussions. At least for as long as most of us are likely to be alive.
And after Trump that is what I expect will happen.
23 posted on
08/13/2019 10:50:36 AM PDT by
Buckeye McFrog
(Patrick Henry would have been an anti-vaxxer.)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson