TIME TO ACCUMULATE HARD GOODS? America’s Debt Is Greater than Entire Eurozone’s (and U.K.’s) Combined Debt.

UPDATE: Reader Jack Hoysted writes:

Well yes, time to buy those goods you have to spend US dollars on, but which are really priced in Aus dollars, etc.

Think wine for instance, and please go out and buy as my family sells over there.

You guys are in the middle of a large devaluation of the dollar and I expect that how far it goes will depend on how serious you are about fiscal responsibility and how soon.

cheers,

Jack

ps I am just curious that there is almost no discussion of this the US media.

There will be, but not until the second half of November.