Question:

I understand the the reason for the dollar decline.I would like to know what the end game will be.What do buy?

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Will the nation make new money? Will the US force us to trade our gold and silver for the new money?

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  1. the decline is because US is not producing enough and consuming more than it produces. War is the machinery that Bush chose to improve production. But that can't be sustained. Manufacturing, services, agriculture are in doldrums.

    If anyone knew the end game, would they tell you? :-)


  2. Ther is no such thing as an "endgame" when it comes to the fate of nations.

    And no, the US is not going back to the gold standard.

    For one thing, if the US tried to use all the gold in Fort Knox and all the gold in the Federal Reserve Vault in NYC to say "each dollar now represents a piece of the gold", you would need an exchange rate of $25,000/oz for all the gold to account for all the dollars.

    What the country needs is about 3-4 years of sew\rious belt-tightening, even if it forces the country into recession, where everyone (including Congress) focuses their attention and money on paying down all of the debts that we have accumulated.

    We also need a comprehensive national energy policy to try to do something about the 12,000,000 barrels of oil that are imported PER DAY, at a cost of $1,500,000,000 cash (fifteen hundred millions of dollars per day) leaving the US.

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