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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: axial who wrote (19873)	4/21/2009 7:17:22 PM
From: niceguy767	1 Recommendation Read Replies (1) \| Respond to of 71456

The picture just keeps getting bleaker and bleaker. Same 'ole response, same 'ole response no longer works now that fed debt, money supply and long term inflation rates are expanding exponentially. I'm guessing that one way or another the end game with current extravagant spending policies is a US dollar devaluation of significant proportion forcing policy makers to readopt a commodity backed world currency and regulated reserves on any/all new debt issues, especially that of the government. The unbridled growth model is fast coming to and end both ecologically and economically. This period of flagrant out-of-control economic and ecological abuse is unlikely to end with a soft landing. We can begin now by implementing painful economic policies that are geared to creating a society living within its means or we can continue with the current non-stop and more frequent larger and larger economic responses to outmoded economic models thus ensuring that the end will be totally beyond our control. The goal of any policy needs to be a managed self-sustaining economic or ecological model. Policies that cannot reconcile to these goals may well make the landing much, much more painful than need be. What ever happened with the idea of a commodity backed currency thus ensuring that government lives within its means and thereby setting an example for its constituents that they too need to live within their means. Government spending is out of control. Constituent spending has been out of control. There is a direct relationship between the two. One way or another the "limits to growth" will impose its will on the world. Current policies are geared to challenge these "limits to growth", a very dangerous practice as our dinosaur friends before us found out. The notion of unlimited debt, money and inflation growth becomes absurd at the limit. My guess is that we are fast approaching that absurdity, given no significant limits in place of debt, money and inflation growth rates.