It matters not who is right or whether correct or wrong. We are here to provide information and opinion.
I can say that I was sure in 2006 that the US $ was on the ropes, so did not need Sinclair ( whom I respect) to tell me that, but so what. That opinion was good for me and no one else. Actually I only got a few polite listenings back then before the subject got borring.

Yes we are all correct now because the writing on the wall is so easy to read for all.

As for politicians, most are intelligent people but many forget their priorities especially when they think more of their own priorities instead of the electorate's. In a world where money talks it should be no surprise that they listen.
And it is not just in the USA. Am in Poland now, was days ago in Germany, the story is the same whether in those or in Greece for that matter. People and politicians do not differ much but except for Ron Paul of the US who is there to perform the function of Germany in the US of A.
In Europe there are the likes of Greece and Portugal on one side and Germany on the other. But in the US there are the US government and most of the States but who is on the other? Yes Ron the individual and many others like him BUT No States.

This is where the comparison differs.
US is not in deepest trouble but because of size and influence it is the greatest and due to that definition most responsible.

By the way, just before I write gold hit a peak of 1674US$. I think it is a run away train now, or at least close to being so. Gold gets first notice so it leads the way. Silver next (imho) and stocks based on precious metals to follow after these.

Don't laugh at the shorters any more but pray that things do not go too bad.

Sunny and warm weather for a change in southern Poland while I'm listening to American music on a Czech radio station.
A global village.
Cheers to all.