Jim Sinclair’s Commentary

If the deficit is out of control, which it is, the dollar does not stand a chance.

Federal Budget Deficits Will Reach Levels Never Seen Before in the U.S.

Recent budget deficits have reached unprecedented levels, but the future will be much worse. Unless entitlements are reformed, spending on Social Security, Medicare, and Medicaid will drive deficits to unsustainable levels.

Percentage of GDP

Source: Congressional Budget Office (Alternative Fiscal Scenario).