Michael S. Rozeff makes a strong case for a coming run on the US government. His summary of the recent past is depressing but accurate:
Anyone who looks objectively at actions being taken by the U.S. government to bolster its credit or cause its credit to deteriorate has to reach a very negative conclusion. Why? Simply because the country’s leadership has been taking it downhill for decades on end. America is like a bright and fresh red apple in which rotting has been proceeding inexorably. The apple still has some edible portions but large parts of it are gone. The seeds need to be planted and a new tree grown.
He concludes his article as follows:
The U.S. government has no credibility in terms of restoring America. The government is living off its past reputation, like a once great entertainer grown tired and going through the motions.
Under these conditions, trust in the dollar and all the other fiat currencies that are linked to the dollar will continue downwards.
Unless there is a change in these conditions, someday there will be a run on the United States government. I see nothing that suggests a change in these conditions.
It is difficult to find any flaws in Mr. Rozeff’s assessment of our situation. It is even more difficult to protect oneself against what is coming.
