Avoiding the fiscal cliff would mean we intend to keep spending more than we take in (at least a trillion dollars more each year). Obama is even proposing that he be granted unilateral authority to raise the debt ceiling (without congressional approval), anytime he wants. If he gets that in that deal, the minority party will be helpless to slow government spending. At that point… it’s over for the dollar. And the only way to cover all that spending is to have the Federal Reserve print, print, and print some more. The more they print, the more our currency is debased.
I guess we’ll know soon if my message board Avatar was an accurate premonition.