I think it's important to keep this in perspective. Both the left and the right lie to get elected and both parties will lead us to ruin. So get off your high horses trying to tell us which party will lead us to ruin slower . . . they both suck!
The left says they will tax and spend us into oblivion and that's what they do! . . . the right says they are fiscal conservatives yet when they are in office they spend money like drunken democrats. The only way out of this mess (printing money to cover our inability to govern) is massive inflation until the value of the dollars in the global marketplace match the value of the economy backing those dollars up just as we saw in the Weimar Republic.
At this point the only thing we can do is protect ourselves from our own irresponsible government . . . we need to move our assets to an account denominated in Australian dollars and wait for one or both parties to succeed in bankrupting us. You've got to protect yourself because the Republicans and Democrats are out to destroy you!!
Originally Posted by utr_guy_in_houston
That's what I think is going to happen. We already have more debt than we can service. When the interest rates go up, it's game over. By some estimates, our long term liabilities are over 200 trillion dollars. Hyper inflation is inevitable, IMHO.