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<p>[QUOTE=&quot;doug444, post: 1644078, member: 38849&quot;]&quot;...It seems to me that the economy will not get much better unless debt is greatly reduced.&quot;</p><p><br /></p><p><br /></p><p>Repeat after me, &quot;it is IMPOSSIBLE to reduce the debt when we are running an annual deficit in the multi-billion range.&quot;&nbsp; And the only factor holding things together is the ultra-low interest rates supported by the Fed&#039;s machinations.&nbsp; I seem to recall that for every 1% that interest rates rise, the deficit (associated primarily with higher interest rates on new Treasury paper) will increase $400 billion; that may be outdated now, I&#039;d like to see a new estimate.</p><p><br /></p><p><br /></p><p>And the minute QE (or the current name) stops, the entire economy begins to collapse.&nbsp; Yes, as a matter of fact we ARE screwed, and the best you and I can hope for is to preserve our trivial purchasing power by holding (NOT trading) PMs.<p style="text-align: left"><span style="color: #000000"></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p><p>[/QUOTE]</p><p><br /></p>

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