Interest rates won't get us out of this hole. They've blown out the money supply. All the liquid cash has to be mopped up. Raising rates too high will kill off more banks that aren't prepared.

I mentioned pegging to gold, but there are other options. Pull in the excess dollars and destroy them while drilling for oil. As I explained in a response below, it's a petro dollar. Creating more petro pegs more value to each dollar. However, while this was successful under Trump and Reagan, it may not be the best option for the future. BRICS nations are about to abandon the petrodollar, which will cause us further inflation.

The BRICS nations are about to establish a gold-backed stablecoin for international trade. If the dollar is traded against that, it'll bring stability. Further stability and value will be achieved by pegging the dollar to gold at home. It won't take an act of Congress, just Trump unsuspending the Bretton Woods agreement that Nixon unilaterally suspended in 1971.

Interest rates won't get us out of this hole. They've blown out the money supply. All the liquid cash has to be mopped up. Raising rates too high will kill off more banks that aren't prepared.

I mentioned pegging to gold, but there are other options. Pull in the excess dollars and destroy them while drilling for oil. As I explained in a response below, it's a petro dollar. Creating more petro pegs more value to each dollar. However, while this was successful under Trump and Reagan, it may not be the best option for the future. BRICS nations are about to abandon the petrodollar, which will cause us further inflation.

The BRICS nations are about to establish a gold-backed stablecoin (not crypto) for international trade. If the dollar is traded against that, it'll bring stability. Further stability and value will be achieved by pegging the dollar to gold at home. It won't take an act of Congress, just Trump unsuspending the Bretton Woods agreement that Nixon unilaterally suspended in 1971.