Hate to Fear!

If it were not for the accumulated national debt (mostly to China) and the ongoing inability to control the need to borrow, I would feel so much better when viewing the future. While I fear future inflation, I worry more about the reasons why inflation became a problem. In short, we continue to spend so much more than our revenues dictate that the result is more indebtedness. Our dependency on other nations to finance our debt puts us into a precarious position. If our dollar further weakens and/or if China or other nations refuse to continue to finance our debt, we will be in a most serious predicament.

Reading a column from the perspective of 2089 only reinforced those feelings of fear. Let's hope that this fear is unnecessary and let us more quickly see the banks recover which will promote general health to the economy.