Monday, April 05, 2010
How could the dollar not be weakened significantly with our current debt?
"The debt and commitments of America are just too large to ever payoff without printing vast sums of money. The federal debt and obligations stand at $71 trillion. And, as if that is not bad enough, that number is bound to increase dramatically in the next few years. Trillions of dollars will be spent on Fannie and Freddie, unfunded wars, bailouts of most of the states in the union, thousands of bank failures and ballooning government deficits–and these are just the highlights." - Greg Hunter