Save the Greenback, Mr. President
Published: Friday, 9 Oct 2009 | 5:01 PM ET
By: Larry Kudlow
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All this massive spending and borrowing is killing us. We need to be slashing tax rates on large and small businesses. There’s just no better place to begin job creation. And leave the Bush tax cuts in place for heaven’s sake. This supply-side shock therapy would save the dollar. And it would put real long-term torque into the recovery.
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Unfortunately, the President is not going to defend the dollar. The Fed ain’t either. And, the congress critters are going to spend like those proverbial drunken sailors. (At least the sailor spent their OWN money.)
So what are the little folks to do. Get ready for a lost decade or two. Study Zimbabwe for how tough life is going to be as the world passes us by.
But some bullion to preserve wealth. Just don’t get ripped off by overpaying.
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