The decline of the dollar
It will end one way or another.
The reason? Fiscal and monetary policies of the Federal Reserve wrong and the US Treasury. UU. arrogant corrupt politicians and central bankers.
"Planning is the pitiful vanity of central bankers because, for them, the markets are a probe to test its interventionist theories."
In practice, this means deficit spending and printing money in the hope of provoking inflation in order to stimulate nominal growth, reducing the debt to GDP ratios and create a self-sustaining recovery.
But this recovery will not happen because the problems are structural, not cyclical. The US economy. UU. suffers a recession too bad debt balance, which has not been recorded but hidden. Real incomes have not increased and consumers and businesses do not want to spend or invest the political uncertainty in the system.
The financial sector has its own life and extract wealth from the economy rather than facilitate the creation of wealth.
It will end one way or another.
The reason? Fiscal and monetary policies of the Federal Reserve wrong and the US Treasury. UU. arrogant corrupt politicians and central bankers.
"Planning is the pitiful vanity of central bankers because, for them, the markets are a probe to test its interventionist theories."
In practice, this means deficit spending and printing money in the hope of provoking inflation in order to stimulate nominal growth, reducing the debt to GDP ratios and create a self-sustaining recovery.
But this recovery will not happen because the problems are structural, not cyclical. The US economy. UU. suffers a recession too bad debt balance, which has not been recorded but hidden. Real incomes have not increased and consumers and businesses do not want to spend or invest the political uncertainty in the system.
The financial sector has its own life and extract wealth from the economy rather than facilitate the creation of wealth.
The decline of the dollar
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