SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : A Real American President: Donald Trump
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: DMaA who wrote (174462)12/13/2019 5:00:48 PM
From: isopatch7 Recommendations

Recommended By
Arran Yuan
Cyrus
Honey_Bee
locogringo
pak73

and 2 more members

  Read Replies (2) of 456218
 
<Spending is Trump's Achilles heel.>

Every president has fallen into the trap of signing off on higher and higher spending. So, it's really Americas Achilles Heel. More precisely, our kid's & grand kid's.

The borrow & spend upward vote buying spiral - via offering more and more goodies & Free Stuff to more and more takers can continue only ALA the dollar is the World Reserve Currency. Once that massive national advantage comes to an end, and it always does, America will have to borrow & pay back in other currencies.

The FED can increase our supply of credit & currency to pay back debts in cheaper dollars (aka inflation). They can't debase other currencies of nations who might loan to us. That = Game Over for what most people erroneously think is an endlessly increasing cornucopia of Free Stuff.

<A History of Reserve Currencies in One Graph

From J.P. Morgan:



azizonomics.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News