Mayflower Capital llc posted Will The Dollar Become A Worthless Currency? Mayflower Capital llc Glenwood - Raleigh:

Will The Dollar Become A Worthless Currency?

People worry the rising deficit will make the dollar drop in value. The annual federal deficit is 5% of GDP, about $1Trillion a year. The long run average federal tax revenue is 18% of GDP. Assuming a 2% CPI adjustment is applied to the deficit then the deficit is growing by 3% of GDP a year in real terms. For example, a debt of $21Trillion if…

Will The Dollar Become A Worthless Currency?
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