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Non-Tech : Another Investment forum
QQQ 623.28+0.7%Nov 5 4:00 PM EST
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To: TimF who wrote (57)12/10/2006 2:50:19 PM
From: Peter Dierks  Read Replies (1) of 340
 
Thanks for the clarification. Nobody can exist on debt forever. This country was made great by hardworking capitalists who paid off their debts and contributed to society while employing others who did their part to support the economy (for their own self interested reasons).

Many people claim it is no crisis to deficit spend because the economy is growing so fast that it can be put off forever. What happens when the economy stops growing due to, say, demographics?

As far as the US holding its own debt, that is a sham too. the money was spent long ago. For the last forty years surplus Social Security receipts have been spent in addition to the gross receipts from income taxes and fees. There is no asset other than more labor left to repay those bonds.

You and I and we are on the hook for the debt.

The real question is how does one design an investment strategy to profit from such excesses? My idea is to keep a substantial portion of my assets in non dollar denominated investments.
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