How the Looming "Debt Bomb" Will Crush the Dollar

The U.S. dollar has staged a short term rally against other currencies. But the U.S. is already gripped by hidden inflation and must refinance a mountain of short-term debt in just months.

Here's how to protect - and grow - your money, even as the debt bomb explodes...

 
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11 Responses

  1. jack montgomery | February 21, 2010

    Hi,
    Sounds very interesting—-would enjoy your insight.

    Jack

    Reply
  2. THATHEU | March 15, 2010

    Whenever a government goes for paper notes without reserve as one of the last resort for paying back the debt the impact is so much. 1. Primarily the lower strata of the society loses its money in the name of devaluation. 2.The upper strata gains as the prices go up. 3.The government serves its obligations. 4. Inflation causes suffering on the common mass. 4. Social unrest prevails. These are some of the consequenses.

    Long Live Capitalism and its Intelligentsia

    Reply
  3. edward crandall | March 16, 2010

    time to buy quality small cap canada resource stocks; they have went down to levels that are way below where they should be trading; consider egplf,teutf,also in us bulm

    Reply
  4. William C. Knapp | March 28, 2010

    How soon people forget the strength of Canadian Banks and their currency.

    Reply
  5. Frank janesick | March 29, 2010

    Inflation is well under way, how can you tell? Look at the package size on food you buy, notice the price is the same but the contents are less in onces.. Ever since I can remember from me early years, new Ford (1947) $800, now $20,000. How does the goverment try to pay off its debt, print more money, then inflation will come in (attempt) to pay the debt off with cheaper money.
    Its past time for us to protect our Western Hemisphere, let the Eastern take care of thier own.

    Reply
    • Alexei Sabec | October 1, 2010

      Hi Frank from Bogota- Colombia,

      We didn't get any more news from you. How are you? How are your familiy?

      Greetings from Anton Sabec and I.

      Alexei Sabec

      Reply
  6. notsofast | March 31, 2010

    Well, let's hold on. Remember how the deficit situation turned around pretty quickly when Clinton cleaned up the Reagan/Bush debt of the '80s? Once the Bush II tax cuts are curtailed, the economy comes back, and health care costs are under control under the new health care bill, I think everyone will be quite suprised at how the deficit situation turns around. A sales pitch for gold may not be bad, but gold is expensive right now. Obvioulsy, inflation akin to what we have experienced in the past is to be expected regardless.

    Reply
  7. Gennady | April 4, 2010

    I quite agree with the newsletter.travelling to the US from the EU one notices significantly higher food and service prices in the US each year.Both economic blocks are quite similar in size,population and economic output,but as it has been obvious for many here in Europe,US consumers have been living beyond their means and wars of attrition in Iraq and Afganistan were costing too much.Obama is trying to change this lifestyle,despite it was envied by many europeans.To what was said about China and Russia I would like to add my thought probably not shared by anyone that these two countries are trying to weaken or even ruin the US economy by pre3tending first to play by the rules and then trying to break them.It is not a level playing field when China keeps unreasonably low its currency to boost Chinese exports,copies western technologies in all possible ways breaking all codes of business and thus amassing huge reserves of foreign currencies in order to buy cutting edge Russian battleships instead of rising the puchasing power of the chinese.Russia seems to be more interested in strenghening economic and military ties with countries such as Venezuela,Cuba,Iran where market economy is a distant sound.Besides,these 3 nations are clearly opposing US and European values in all respects and purposes.So,I wouldn't be surprised to know one day there is a collusion between the government of China and its business people to act against the US economy as the key positions in business are held by the government nominees.So,to crown it all:one should have a watchful eye on the new players in a convoluted globalized world to keep your economy sfe and growing.

    Reply
  8. chab | April 9, 2010

    All american have to take courseA in reality check.In whole North American country there is no such thing as reality in life. Even Alen Green Span was telling all American should be financial literate. And now this is the time. There is no financial regulation in the country from 1837.No wonder about the situation of North America today.

    Reply
  9. Shahid Hassan | April 15, 2010

    Let the world not be a scapegoat for your problems. You have been living on cloud cuckoo land for too long to realize that you are the architects of your own forthcoming debacles.

    Reply
  10. Rahul | April 28, 2010

    I've been receiving money morning for a while now.What I want to know is how foes one actually invest in these various investment advices we receive from your paper.I live in NZ and is there a broker or agent where one can buy these shares eg Yamana Gold Inc. (NYSE: AUY).
    or may be the tresury dollar?
    I can be contacted on 0216638717 in NZ

    Reply


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