Quote:In about 20-30 years, the International Market will view the US Dollar as the financial equivalent of Ebola....

 

Unless like you said, the Government stops printing money, or the bottom literally falls out of the barrel; we're in for an economic crisis between the years 2030-2050 that will make the 2007-2008 market crash look like the dotcom boom of the 1990's in comparison. The same can be said for the Euro.

 

Again, these are not "doomsday" predictions that Eric and I are talking about. The amount of borrowing, credit, debt, and inflation in this Country has to reach the bottom of the barrel at some point in the future. 

Forgive my ignorance, but can you please explain a possible solutions to actually make a dent in our insurmountable debt - which is growing by the second?

 

Ok, we stop printing money - but would that not leave the level of inflation stationary, instead of growing?

 

I understand we have to minimize the rate of "debt incurred-ness" - but the total US debt being at 61 trillion (and counting) seems to be quite hefty. Obviously it would take years and years to lessen it...

 

Again, I understand money and numbers but I honestly never took a hard look at this problem - even though I know it exists and is a REAL problem.

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