The US dollar has lost 51 percent of its purchasing power since 1985 and 36 percent since 2002. Is it any wonder why we are seeing creeping inflation in the cost of daily goods ? The falling dollar also is reflected in the higher prices for energy. As usual there is always a cost to actions taken and debt does matter.
I expect we will get to a "recognition point" - a dreaded crescendo event where suddenly a loss of confidence sweeps through the economy and what has become a "shopkeeper" (services) economy will collapse toward a miserable ground state.
UK and BoE - An allegedly fiscally responsible regime leading one of the most powerful countries in the world lends money to itself in order to get some money, but must print fresh new money in order to afford to buy the money that it just lent itself in order to use the money it just lent itself to pay some important bills, you know, the thing that it needed the money for in the first place.
Isn't it remarkable how all the George Zimmerman/Trayvon Martin news coverage has suddenly and silently faded away? My guess is that the liberal media finally realized that their latest cause celebre doesn't look like a winner, once the actual facts of the matter are taken into account, and they've therefore moved on to other things.
I must stress that time is very, very short now. The open and bold declarations of intent from Washington,