| The Feds know that the USD could be devalued, however, since the economic downturn become more evident and the collapse of the stock market globally, the USD has climbed from $1.60 vs the Euro to about $1.35, and the British Pound went from about $2.00 to about $1.45 or so and the rests of the world currency with the exception of the Yen has followed the same patern. The US is a great country and will continue to be. What makes this country great is the people and if the system has problem now and then it will be fixed by changing it. i do believe we`re heading toward a consumption tax and a flat tax rate on upper earner and an asset tax that will help balance the load in term of taxation. We already started saving more and spending less and that`s the pain that China and the rest of the exporting countries like Japan and German are feeling. I think, it will continue to be the same way until a solution is found. |
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