This just highlights what I’ve always believed. The issue is a currency crisis, not an even a moral one. The moral and social one is ancillary to the currency one. Problem is the US of A has printed itself into oblivion to essentially babysit women and minorities, keep assets up, and be a war monger abroad. I’m sorry but it is what it is. And they made this decision to print to oblivion while Europe Asia and the Middle East were recovering from being flattened in the World Wars era. Now they’ve pretty much caught up to us and some places like Russia and China don’t have the ideological burdens we have. Only by doing something like pegging the dollar to gold and taking our long hard recession will get us out of it. But will we take the recession, possibly even depression? No because boomers will see their retirements evaporate and women and minorities will lose their artificial status as production becomes valued above all else…. And guess what? They vote! So things will continue to get worse and worse. If you think of it even 2020 toward now the average American has seen a huge drop in standard of living.
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