Post #1765 by OrmontUS on the Macroeconomic Trends and Risks board

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Everyone, soooner or later, has to pay the Piper. That said, the US seems too be unique, at least currently, that like the alchemists of old, we can create money from a vacuum. This is primarily based on the world agreeing that the US dollar is a backup for their own legal tender. China, with Russia's assistance, is trying to pull the rug out from under that idea. If that rug disappears, the Wizard behind the curtain will be shown to be a wizened vestage of its past and the king will have to admit to his nakedness.

Jeff

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