IT'S THE SAME OLD FED STORY... TRASH MAIN STREET TO SAVE WALL STREET...
BUT THIS TIME IT'S OUT OF CONTROL...
THERE WILL BE NO SALVATION FOR THE DOLLAR NOW... THE STRUCTURAL DAMAGE IN THE ECONOMY...WHICH WAS NOT SO BAD IN THE 1970'S ....IS NOW PERMANENT...
"CHEAP LABOR" FREE TRADE GLOBALISM...IS NOT WHAT CAUSED THE DAMAGE IN THE 70'S... IT IS NOW!
TODAY IS VERY VERY DIFFERENT... EVEN IF RATES ARE RAISED TO INDUCE BUYING OF DOLLARS...AS IN THE 70'S...THE UNDERLYING US ECONOMY IS SO DAMAGED BY IT'S STRUCTURAL TRADE AND BUDGET DEFICITS THAT FEW WOULD CONSIDER THE US A LONG TERM PLACE TO PARK MONEY.
