IPFS News Link • Trump Administration
Pound, Dollar, Euro And Yen Will Be Worthless Within Five Years
• LewRockwell.com By Egon von GreyerzI really wish they will succeed because the strong US would be good for the world. Sadly, the odds of achieving that admirable objective are totally stacked against them. At the end of the next 4 years, there is a risk that this Administration will be more hated than any government since Carter and possibly even more disliked than Hoover.
Trump unlikely to reverse 100 years of mismanagement
The coming unhappiness with Trump and his team will not arise because of the actions they take. They will clearly do everything in their might to make America great again. But the probabilities are totally against them to achieve this goal. They are taking over power at a time when the debt has grown exponentially since the 1970s. They are also assuming the power of a country that has not achieved a proper budget surplus for well over half a century. Even worse, the US has not had a positive trade balance since the early 1970s. So here we have a country that has been living above its means for decades and has no real chance of changing this vicious circle. Trade wars and import taxes are unlikely to improve the situation.