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RE: When Will America Go Broke?

I'm of the opinion that precious metals are nearly useless as a measure of currency value in this modern world. What really keeps a country and its currency alive is economic output and the government's ability to service its debt. We all remember the recent problems with, for example, Greece, Cyprus, Portugal, Spain, and other countries. Remember when Cyprus (or was it Greece?) actually got to where the government limited the amount of money a person could withdraw from their own bank account?! What country is it now that has negative interest rates?

U.S. banks are paying something like 0.1 percent on savings accounts. I don't even bother looking any more. Who gives a crap about getting ten cents on a thousand dollars?!

Let's just keep our fingers crossed that the financial know-it-alls in Washington will figure out a way to keep us afloat until we're all dead.

What bothers me is that none of them care about continuing to run up the debt and devalue-ing the Dollar. I remember when the Dollar was something like one Dollar to five German Marks, and one Dollar to four Swiss Francs. Those days are apparently gone!


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