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Over the next two decades federal debt is expected to explode into uncharted territory. Even without the expected tax cuts and spending increases proposed by President Trump, current projections see deficits rising substantially every year for as far as the eye can see. Given the government's proven inability to address our ballooning fiscal imbalances, we must expect that these gaps could be filled by bailouts from the Federal Reserve in the form of ever greater quantitative easing. This could hamstring the US economy and send the dollar plunging. Foreign markets can offer attractive valuations, high yields, and potential refuge from a falling dollar.