bulldzr. Rand paul is definitely not a favorite of mine (neither are representatives of either party} .. but paul, a libertarian not well supported, may be right in that the fed has been printing billions of dollars with no backing or economic gains to support this flood of dollars ... hence this is why commodities, rent, food etc is going up by leaps and bounds. The dollar (reminds one of mexican pesos) is increasingly having great losses in value.
In addition, the government is artificially holding interest rates close as they can to 0% when the real interest on our cds and saving accounts should be closer to 5%.
But what would a 5% interest rate do to the government that owes massive amounts totaling nearly 18 trillion? Up from 9 trillion in 6 years. The last 6 years our national debt from the inception of the US has gone from 9 trillion to 18. Not sure I blame anyone, but fact is us cannot pay interest on the debt at 5%.
I believe this interest rate is going to go up and the government will print even more dollars making their purchase power less and less to the point we may have lots of cash equal or similar to the Mexican peso. Rember some countries are looking to go off the dollar standard. The market can collapse.
Now, going to cash? Seeing all of the above, a couple of times I pulled out and wwent to all cash, but the fed kept printing dollars that didn't go for bus loans but right into the stock market and stock values kept going up so I got back in.
I believe the fed will have to stop printing money. The market will collapse, but when and that is the time to go to cash. But what will the cash be worth. At least one will have more of it.
Some countries are considering going off the dollar standard which could be disastrous..
Can't put it all in one post, but for a good conversation, your thoughts and mine, call me at your convenience. We ccan talk. 618-662-6210 home 618-662-8380 work Take care my friend. .. .. nic
