“We’re also at a unique moment geopolitically, and I could see in the next few years that we are going to have to have some kind of a grand global economic reordering, something on the equivalent of a new Bretton Woods or if you want to go back like something back to the steel agreements or the Treaty of Versailles, there’s a very good chance that we are going to have to have that over the next four years and I’d like to be a part of it.” — Why? Because the status quo has become untenable. We cannot continue to allow foreign countries to endlessly fund our debt and deficits. So, if you don’t like this radical policy, propose another radical policy. The answer cannot be to get back on the path of the red line below…
It is not only the million-dollar question, but also the multi-trillion-dollar question. But if we continued with the status quo, that would not work for much longer. We cannot go back” Jim Bianco
