VIEW # 1 THE GOOD
Word leaders have an epiphany and come to the realization that keeping interest rates artifically low , is having the effect of destroying their currencies.
Cheap money and flooding the markets with unbacked paper currency is having the effect to diluting the wealth of their citizenry.
The resulting creeping inflation is lowering the living standards worldwide.
This is creating scarcity as more paper chases a finite amount of consumables, including food, fuel, and clean water.
The realization that we are creating a scenario where bailouts will continue to grow, leads out wise leaders worldwide, to make a series of dramatic fiscal decisions, beginning with a return to a gold backed currency.
Interest rates are allowed to rise, and ” Too Big ti Fail” becomes ” Too Big and Expensive to Save.”
The Federal Reserve is closed and a return to Fiscal Responsibility is reluctantly agreed to by the President and Congress.
There are massive protests, and disruptions in the economy resulting in the Government downsizing for the first time in 100 years.
Useless and duplicate departments are closed.
Many taxes are lowered or eliminated.
40% of Federal employees are let go.
The Military closes 90 % of foreign bases, and brings the troops home.
The war on drugs is ended, and crime rates in Mexico, and the United States drops radically.
Controlled devaluation of the dollar is instituted, and much of out national debt is brought into line by the painful readjustment of our economy to a sustainable level of work and direct reward.
When our entreprenurial spirit is allowed to grow without heavy regulations, our economy begins to respond.
Our GDP embarks upon a decade of unprecedented growth, reaching 6-7% a year, and ushering the new Golden Age of Civilization.