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07-02-2003
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Join Date: Oct 2002
Posts: 8,059
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US debt as a percentage of GDP is lower today than it was a decade ago. I believe it's about 65% and that it was mid 70's sometime in the middle of the last decade.
I don't view the dollar as falling. I view it as returning to normal, back where it was about 4 years ago. I'm not a believer in the gold standard. Will there ultimately be a collapse? Maybe that depends on the definition of "collapse". If the current decade or so long trend continues of debt as a percentage of GDP decreasing, I think it not likely.
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