Post by
greyowl on Nov 12, 2024 11:17pm
New Deal - Last Chance For West
Incoming US administration is floating the idea of firing half of the government workers - under the
direction of a new agency headed by Elon Musk and Vivek Ramsey.
Tough medicine - but I think people now understand that if your combine big governments and a fiat currency (i.e unlimited credit card) then you will inevitably end up with a government that is constantly
creating some sort of crisis to justify its existence be it health, economic or ecological. It's hard to
believe that we somehow are rising out of the abyss given the amount of control that those calling the shots had over the big corpration and the mass media. I guess there is more to people than I thought.
Given what has occured with the gold price the past year I think the following may occur
over the next few years if saner heads prevail.
Strong US Dollar will give US the benefit of the doubt and provide gloal economic stability during the de-dollariztion transition period.
Rising Gold Price (+25%/year) and the tacit acceptance of gold as the defacto reserve currency./
Besides helping to avoid WWIII this should satisfy the BRICS nations economically and politically and will keep the West on the straight and narrow.
~5% Inflation until global debt is inflated away to reasonable levels.
Approx 4% long bond rates in order to keep money keep money meaningful and somewhat protect savers.