Sigmund

Is the U.S. Solvent?

The problem that the world is confronted with is rather like certain weeds and mushrooms in an otherwise lush garden. The roots are deep, large and hard to eradicate. We have excess money supply, largely credit; thank you Mr. Greenspan, is that needs to be extinguished. Now comes the Treasury, The Fed; and soon, Pres Elect Obama. Hark I see a problem, please join with me and we shall throw money at it. The money won't buy very much, so, we'll have to throw a lot at it. Lovely stuff, paper money, in flash it turns into trash. It occurs to me that if you want a dollar to be worth something, you might want to consider making it redeemable in gold at say $3,000/oz.