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US deficit - to increase over 1 trillion in next 10 years
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<p>[QUOTE="Rono, post: 2924506, member: 6492"]Howdy folks,</p><p><br /></p><p>Some good points. </p><p><br /></p><p>1. Wait until the final tax bill is passed and signed to assume too much.</p><p><br /></p><p>2. The national debt is only a problem when people start to think it's a problem and react accordingly. Note that the US $ is backed by the 'good faith . . . ' of the US gov't. Same/same with crypto currencies. They are good so long as people believe they're good. Go back to Lord Keynes when he first floated the concept of deficit spending. Someone asked about 'the long run', to which he responded most eloquently, 'in the long run, we'll all be dead'. </p><p><br /></p><p>3. I will disagree with the poster who said very little US debt is held overseas. Perhaps not so much as used to be, but still a very significant amount. And again, this lasts as long as they have faith in our currency and country. Note that I do not see some country holding us hostage over the debt they hold or engaging in some sort of massive dumping. Feh. It would cost them too much. </p><p><br /></p><p>4. You will continue to see a rotation out of US debt held overseas as countries further diversify their financial holdings. </p><p><br /></p><p>5. And lastly, right now both gold and silver are relatively inexpensive and for those of us stackers who are in the Dollar Cost Averaging purchase camp, times are good.</p><p><br /></p><p>and so it goes,</p><p><br /></p><p>peace,</p><p><br /></p><p>rono[/QUOTE]</p><p><br /></p>
[QUOTE="Rono, post: 2924506, member: 6492"]Howdy folks, Some good points. 1. Wait until the final tax bill is passed and signed to assume too much. 2. The national debt is only a problem when people start to think it's a problem and react accordingly. Note that the US $ is backed by the 'good faith . . . ' of the US gov't. Same/same with crypto currencies. They are good so long as people believe they're good. Go back to Lord Keynes when he first floated the concept of deficit spending. Someone asked about 'the long run', to which he responded most eloquently, 'in the long run, we'll all be dead'. 3. I will disagree with the poster who said very little US debt is held overseas. Perhaps not so much as used to be, but still a very significant amount. And again, this lasts as long as they have faith in our currency and country. Note that I do not see some country holding us hostage over the debt they hold or engaging in some sort of massive dumping. Feh. It would cost them too much. 4. You will continue to see a rotation out of US debt held overseas as countries further diversify their financial holdings. 5. And lastly, right now both gold and silver are relatively inexpensive and for those of us stackers who are in the Dollar Cost Averaging purchase camp, times are good. and so it goes, peace, rono[/QUOTE]
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US deficit - to increase over 1 trillion in next 10 years
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