Why is everyone in panic? There are 15 million illegals in USA and most of them working and still US unemployment rate is at the lowest average levels. Dollar and Deficits are to be worried upon, but does not lower dollar wipe out the debt levels in the real sense.
Take out the political and personal interests out of WH and Congress and in two presidential terms USA will be back in solid territory. How would it help, when talking to OH voters one leading candidate is saying one thing and then calling the Canadians and saying that 'everything said publically was not true'.
Yes, it does. It's like "borrowing a dollar, but paying back in monopoly money". How is that fair and just? And BTW, "wiping out the debt [aka screwing everybody who bought our bonds] ALSO WIPES OUT THE BUYING POWER OF US CITIZENS." OUR "MONEY" BECOMES LIKE MONOPOLY MONEY TOO! You're NOT worried about that? You should be.
I'd be long oil and short gold. If you look at the price of oil in real asset terms it's cheap (forget what it costs in USD - that's just paper). i.e. how many ounces of gold would you have to spend in order to buy a barrel of crude? I do think that the US is at a cyclical bottom in rates. It's only going to edge up from here, which will strengthen the USD, and gold will fall in response. p.s. when gold falls, it falls very hard and swift.
farmland, china and india are growing populations and will need food,farmland will be ,if its not already ,the next oil.
Gold is tricky. It goes up with deflation or rising inflation. It goes down with steady disinflation. So it can go up substantially either way. It only crashes when price stability sets in. So if the equity markets really get going with strong volume you know gold is a very good short and price stability is ahead.
'ALSO WIPES OUT THE BUYING POWER OF US CITIZENS.' Once the debt is completely or pratially paid off then dollar goes back up bring with it a stronger buying power.