I know we have had this debate many times but of the US can't sell anymore bonds to China, Japan, and the middle east how can they continue to expand the money supply throught these bailouts and deficits? How are they going to now bail out GM?
Where is the money going to come from?
Are they going to tax US citizens more?? Or are they going to print regardless? Are they going to start exporting again? Are they going to beocme a 1950's version of USA again where they export globally competitive goods and servies again?
These problems need to be addressed and until then GOLD is the safest place to be unless you want to gamble on owning a currencie that may or may not be completey worthless in a few years time.
