Hi Maurice, <<<How can the US ease the burden of debt that we have incurred over years? >
Learn, Work, Save, Invest and spend carefully. >>
Nope, certainly not. US will do as Argentina, Russia, Turkey, Brazil etc had done, namely default, confiscate, and print, followed by shortfalls, to be cured by taxation and more printing. Get with the Script of each and all times.
<<<What effect will the measures that the US takes to ease it's burden of debt have on the dollar?>
If people run their country well, the value of their country will go up. But that doesn't mean the currency would go up. As Uncle Al KBE is doing, he can keep the currency at a constant value while the value of the USA zooms, by the simple expedient of pixelating billions more dollars into existence. If they run their country badly, it's bad news all round, including for the currency. Debt is okay - it has useful functions. But it introduces volatility risk and therefore risk of loss of assets.>>
Come on Maurice, say it out loud with hedge and fudge, the USD will drop against something, and that something will not be Q. The fact that all nations want USD to remain high will ensure that it will, until it cannot anymore.
Chugs, Jay |
