The first thing is to clean the house. The seconde thing is to open the books.

Besides that there is no way that confidence can come back. But nooooo, they are not doing that. They actually want to get rid of Mark to Market. That is why I totally lost hope of any recovery. Maybe they know that it is too late for recovery.

The entitlement promises will cost each family of 4 about 500k. So basically every family is about 750k in debt. I truly believe they already choose to devalue the dollar. China will learn a lesson for humanity. that is: Never trust a currency from another country.