by John Rubino
Dollar Collapse
You can summarize the current mood in Washington DC as “Please don’t let this be a return to the 1970s.”
For younger readers, that was a decade in which excessive government spending and money printing combined with inept foreign policy to create the impression that the US was fading into global irrelevance. Everyone everywhere dumped their dollars, inflation spiked, interest rates soared and geopolitical chaos of various forms ensued.
And the people who presided over that mess were swept away in the 1980 elections.
This is clearly something to be avoided. And yet…our current leaders don’t have the slightest idea how to do that.