Journal: Fiscal Responsibility 101

03 Economy

Washington – Tear Down Your Wall Against Currency Competition

December 15th, 2009  by Ron Holland

Although the faltering dollar could rebound in the short run, the longer-term prognosis is terminal unless Washington dramatically reduces spending and borrowing. When the global run on treasury debt and the dollar develops, the current relative minor fluctuations in values will be replaced by a virulent death spiral of historic proportions seen few times in world history.

Phi Beta Iota: Above is just one of hundreds of stories along the same lines.