Loading ...Back in the 1970s higher rates were affordable for Americans. Living standards were high and low end pay were a lot higher, more buying power. So now 53 years later, the whole country is broke with a high national debt.
Defending the US Dollar against other countries would just make things worse for the US economy, so they have to make the USA more profitable, (with a lower Dollar) at foreign countries expense. Its really pretty simple.
They have to build us back up. We can’t go any lower. The past ways are all in reverse. Who really cares about if the general Stock Market declines? Its already been too high for too long. But the PMs are historically cheap.
By the way, property taxes in my area double every ten years. Thats 7% per year the true inflation rate, pretty much for decades, 7%/yr.