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Posted 11/12/09 4:57 PM Scott D Chicago, IL | ... while systematically destroying it. I read a blog post the other day which pointed out that in order to raise $1 Trillion next year, the government will actually have to issue $6 Trillion in government securities because 40% of the current debt will be coming due in 2010. That's a lot of borrowing to do in 1 year.
So who is it that will be lending us $6 Trillion dollars next year? Answer: The Fed printing presses. |
Posted 11/12/09 10:41 PM schlegsb Fairborn, OH | Check out the dollar's chart...maybe lip-service does something.
thelastcanary.blogspot.com |
Posted 11/13/09 10:05 PM Mike in Virginia Fredericksburg, VA | Geithner talking about a strong dollar? lmao. Kinda like a prostitute talking about chastity, isn't it? |
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