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John Reizner's Way to Wealth

« March 2009 | Main | May 2009 »

The Future of the Dollar: Worth Less or Just Worthless?

The fate of a nation is often dictated by the fate of its currency, like it or not. Should there be a national and/or international loss of confidence in a country's paper currency due to the authorities' reckless fiscal and monetary policies or the inability of a country to meet its financial obligations, the currency may become almost worthless, as history has shown. In these cases, national economies have sometimes been destroyed.

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Obama to U.S: Nobody should be Rich, and don't get Sick!

A member of the Obama team said recently on a major financial television network that the savings in the administration's budget are coming from changes in our healthcare system, and yes, from tax increases. I guess in this new world, federal spending cuts have morphed into tax increases!

Changing the nature of our healthcare system, then, is the Obama administration's real key to actual cuts in the federal budget. And that may mean deep cuts in physician and provider reimbursements, refusal of some physicians or providers to accept such reduced payments (unless mandated by law), and the potential for the rationing of care.

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