You're right.  The dollar is in serious trouble.

But the problem isn't the spending limit.  It's the spending.  It's the rate of debt increase.  It's the rate of debt acceleration.  It's the attitude in Congress that we can keep on spending like drunks forever and if China won't lend us some more, we'll just take it all from the people, as long as Congress gets to do the spending.

Switching to a currency that Congress doesn't control and the Fed can't devalue would indeed throw an interesting wrench into the monkey works.  But that just means Congress would fight back and tear apart anything and everything and anyone necessary to get bitcoin out of the way so they can keep up their spending addiction.



Amen.