Defusing the Dollar Bomb

Already lost is the fact that by the time Obama took office in early 2009, the Fed had already fired every monetary bullet fighting the early stages of the FIRE economy depression. Only fiscal stimulus remained to pull the nation out of a spin dive. But can we afford it?

Buried far deeper in the bottomless abyss of America’s forgotten past are the darkest days of the Carter administration when US deficits spiraled out of control. Gold prices doubled and doubled again as one hundred articles pronounced the dollar doomed. (more)