John Polomny

Is There a Risk of a Run on the Dollar in 2009?

The US is a debt based consumer economy and consumers are over indebted. In addition we have unfunded future liabilities of an estimated $70 trillion. The US is broke so will there be a dollar crisis in 2009? Hard to say but a policy of inflation to remedy the above will lead to continued dollar weakness and an eventual repudiation of the dollar.