I choose "KING Dollar." $ up while Market's Crash
DOLLAR up this morning while Stock Markets worldwide are crashing. Dollar was going DOWN when we climbed our way to DOW 9000 / S&P 1000 / NASDAQ 2000.
Is this a long term trend? Everytime the Dollar goes up, we crash? Everytime it goes down, Markets Skyrocket up?
If so then so what... I choose the DOLLAR! I am entirely on the long side and this means massive losses in my portfolio. And yet I don't care.... I choose the DOLLAR!
Even though the Dollar's strength seems unhinged from reality and unhinged from the massive Debt America keeps accelerating month after month.....
We've had massive debt acceleration generated on long term Entitlements under Former President BUSH, Former President CLINTON, Former President "other" BUSH, former President Jimmy Carter, and current president Barrack Hussein Obama.
The only president whose Debt was NOT related to the entitlement society was former president Ronald Reagon.
Liberals rant and rave all day about Reagon's debt... But, at least his debt was SHORT TERM spending related.... It was entirely based on winning the Cold War.... It was military spending.
The difference between Military Spending and Entitlement Spending is that the Military Spending is like going to the store and buying a Microwave.... Sure...It's debt... But, it's debt that CAN be paid off over time.
ENTITLEMENT Debt like "Prescription Drug Coverage on Medicare" is a debt that accelerates at a pace beyond what is realistically possible to pay off. It is a form of DEBT that CAN NOT be paid off easily if at all!
I'd rather have the EASY SHORT TERM DEBT of President Ronald over the Mission Impossible Long Term Acclerated Debt of the current Administration's pursuit of Government Run / Managed / Funded Health Care / Welfare / Cap and Tax Oh My.