Five Reasons Why The Government Is Destroying The Dollar
By Daniel R. Amerman, CFA
GoldSeek.com
Tuesday, 14 August 2012
Overview
The United States government has five interrelated motivations for destroying the value of the dollar:
1. Creating money out of thin air on a massive basis is all that stands between the current state of hidden depression, and overt depression with unemployment levels in excess of those seen in the US Great Depression of the 1930s.
2. It is the most effective way to meet not just current crushing debt levels, but to deal with the rapidly approaching massive generational crisis of paying for Boomer retirement promises.
3. It creates a lucratively profitable $500 billion a year hidden tax for the benefit of the US government which is not understood by voters or debated in elections.
4. It is the weapon of choice being used to wage currency war and reboot US economic growth; and
5. It is an essential component of political survival and enhanced power for incumbent politicians.
In this article we will take a holistic approach to how individual short term, medium and long term pressures all come together to leave the government with effectively no choice but to create a substantial rate of inflation that will steadily destroy the value of the dollar.
The Rest…HERE
