No worries Micklin - I may well be completely wrong of course!...

No worries Micklin - I may well be completely wrong of course! Every debt-laden nation (and that's almost every single one) is ultimately faced with only two options - inflate (i.e. print currency, QE etc.) or default.

I am somewhat concerned about Trump's economic plans, as the proposed (but not yet detailed) fiscal stimulus is extraordinarily inflationary. If the value of the US dollar increases for whatever reason, it has the effect of reducing inflation in the USA as imports are cheaper, but this is destructive where a nation is an exporter - your exports are much more expensive in their destination country.

Trump needs to reduce the value of the US dollar, otherwise it will be impossible to Make America Great Again (bringing back jobs and exporting) if the USA loses the competitive devaluation race to the bottom.

Trump needs a March 15 interest rate increase (= $US increase in value) like a hole in the head, especially with his focus on fiscal as opposed to monetary stimulus.

The Fed, the Democrats and the RINOs will be more than happy to give Trump this headache. Three possible rate increases have been mooted for 2017, which will destroy Trump's plans for infrastructure spending and tax cuts. They will not be able to resist, even though it might tip the country into recession - their combined hatred of Trump exceeds all rationality.