Sunday, Aug. 18, 2013 | 2:03 a.m.
Don Ellis’ letter to the editor, “Consider benefits of high-speed rail,” explained that we need to improve our schools, roads, bridges and high-speed rail. Does he not realize that the U.S. is $17 trillion in debt? That governments other than the U.S. have stopped buying U.S. treasuries?
The Fed is creating $85 billion a month. There has never been a case in world history where governments have created paper to cover their debt and survived economically.
The only reason the U.S. has thus far is because the U.S. dollar is the world’s reserve currency. This is changing.
This is not going to end well. Your savings will be gone; store shelves will be empty. The time left to fix this is finite. Only we the people have to power to force our elected officials to stop the inevitable economic collapse, since they seem unwilling to do so on their own.