"Like [Andrew] Jackson's populism, we're going to build an entirely new political movement," he says. "It's everything related to jobs. The conservatives are going to go crazy. I'm the guy pushing a trillion-dollar infrastructure plan. With negative interest rates throughout the world, it's the greatest opportunity to rebuild everything. Ship yards, iron works, get them all jacked up. We're just going to throw it up against the wall and see if it sticks. It will be as exciting as the 1930s, greater than the Reagan revolution — conservatives, plus populists, in an economic nationalist movement."
I'm afraid once the spending ramps up, the interest rates will rise along with it. Now that the country is approaching $20 Trillion of debt, a significant rise in rates would kill any economic recovery.
Most likely, in order to hold down interest rates to accommodate the spending, the Fed will re-start a massive QE printing spree. That may hold rates down, but would it effect the strength of the dollar?
A weaker dollar wouldn't be a big deal in my opinion once the country is self-sufficient in terms of energy production. But if the shale miracle flops, we're screwed.