Quote:
Originally Posted by Hatterasguy
Buy gold, this will protect you if the house of cards we built falls apart in 2008-2012.
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If GAAP (generally accepted accounting principals) were applied to the Federal Government, it would be bankrupt. How would you like to run your personal budget with no regard to balancing it? Just spend as you please, and it is always OK. When our goods are among the most expensive in the world along with Japan and Western Europe, and our budget deficit neccesitates heavy borrowing, it is enevitable that the dollar will be in the crapper.
Man would I love to see a balanced federal budget, backed up by a Constitutional Amendment requiring it. That would be a huge first step to propping up the dollar. How about telling the Chinese to go f**k themselves until they come up with some sort of realistic exchange rate with our currency. They protectionism doesn't work, but it sure would make our economy stronger if we put some tarrifs on those cheap Chinese goods that are flooding our markets.