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Stefan Gleason: Rising debt means a weaker dollar
By Stefan Gleason
Money Metls News Service, Eagle, Idaho
Thursday, April 8, 2021
Americans appear to be growing more concerned about the skyrocketing national debt level -- officially $28.1 trillion and counting.
The Peter G. Peterson Foundation's monthly Fiscal Confidence Index recently shed five points, dropping to a level of 47, in the wake of the Biden administration's latest $2 trillion stimulus package.
... Dispatch continues below ...
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That $2 trillion bill is simply piled on top of already massive budget deficits. And it adds to concerns over the country's currency, the Federal Reserve Note "dollar."
Federal debt is currently the largest as a percentage of the economy since World War II. Given that no amount of tax hikes will yield enough capital to cover the debt, the nation now finds itself on an unsustainable trajectory toward bankruptcy.
The only viable way for the government to dig itself out of its debt predicament is by leaning on its banker, the Federal Reserve. ...
... For the remainder of the analysis:
https://www.moneymetals.com/news/2021/04/08/rising-debt-means-a-weaker-d...
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