There seems to be a pausity of interest in my thoughts on economics but I bravely soldier on.
As previously mentioned, the world is awash in our ever shrinking currency.
It does not behoove the holders of dollars to allow the dollar to continue to go down in value. These creditors are therefor buying US bonds in huge amounts.This in turn allows our profligate government to continue piling deficit upon deficit without actualy going bankrupt or rendering the dollar almost worthless.
So now the good news---Everyone, even our enemies,has a vested interest in keeping our currency sound.
Why should we care ? Let our children and grandchildren worry about a bankrupt social security system, or medicare and medicade, or other unfunded liabilities.
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2 comments:
Wow, the future looks hopeless, er, bright, I meant bright.
Good thing expatriation is always an option.
But really, where has your blogspiration gone? I really miss reading your thoughts. Plus, I keep hoping someone will write an update on our San Diego family. Those fires have been quite a force to be reckoned with.
Yeah, I agree. Just because no one has posted a comment doesn't mean you should give up trying to get a rise out of us. We miss hearing from you, so get busy.
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