Interesting days indeed.
Here is a piece by Porter Stansberry on Why a run on the U.S. dollar will start soon.
It's a readable piece for regular people, not investment bankers.
It's one of those numbers that's so unbelievable you have to actually think about it for a while.
Within the next 12 months, the U.S. Treasury will have to refinance $2 trillion in short-term debt. And that's not counting any additional deficit spending, which is estimated to be around $1.5 trillion.
Put the two numbers together. Then ask yourself, how in the world can the Treasury borrow $3.5 trillion in only one year? That's an amount equal to nearly 30% of our entire GDP. And we're the world's biggest economy. Where will the money come from?
… All of this is going to lead to a severe devaluation of the U.S. dollar, which I expect to happen within 18 months…. Coincidentally, America's paper of record – the New York Times – repeated our warnings (nearly word for word) last weekend. Word is getting out.
You may want to check it out.