Monetary Tsunami In America!!

A quick thought from someone who is definitely a non-expert and a non-American.It seems to me that the only way the US is going to get any kind of a handle on its debt is to raise interest rates and create an economic climate where inflation runs rampant.I can't see any other way of eliminating the deficit, and then starting on the debt, other than with highly inflated dollars. Even then government spending is going to have to be massively reined in, which for one thing is going to require stopping huge amounts of money being spent on military ventures in other parts of the world.

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Everybody is entitled to my opinion.

I don't disagree with that but I just don't see that happening without having an economy where the dollar will buy considerably less than it will today.I don't see this as a good thing at all but I think that it is something that will happen regardless.

Except that high inflation means high interest rates and then they feed on each other. (Bit like a dog chasing its tail)It didn't work out well in the 80's. If you look at the current housing crisis in most of the US and then have the current interest rate increased 2, 3 or 4 times the amount it is now and then consider the consquences.