However, I do agree that we need to manage out liabilities in a much better way. We also need to do a better job in investing in the future without creating more debt.

I’d like to take a wait and see approach with Obama’s plans. I disagree with many others that his plan is significantly more burdensome than the plans put forth over the prior 8 years. However, add useless debt is unacceptable.

BTW…great article. Many take a one sided approach when stating a case. However, I agree with A.E.N that you have stated a good cause and effect of the entire problem.

Also N.Roubini is depressing but the man has yet to be proven wrong. Love the man, but I’m saddened by the message.

Knowledge of the global value of the dollar is vital to investors who wish to maintain parity in todays’ volatile and poorly regulated markets.

In the US, entitlements and salaries are measured in dollars and are beyond the control of the average investor. In order to maintain parity, the investor must become aware of global values and likely currency trends in order to invest fixed assets successfully.

For me the most important insight in the article is to value the future value of currencies based on the net-creditor/debtor staus of the issuing countries and whether the creditor/debtor status is increasing or decreasing.

In the US there are about 70 million private sector workers who get up in the morning and go to work. There are about 15 million government workers however in a strict Keyenesian model the government workers are not producers, rather represent a net drag. My focus is always on what effect government policy will have on the private/public sector balance and what is good for the private sector. The private sector is the workhorse
while the public sector the rider, the parasite, and drag on the currency.