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Sunday, December 20, 2009

Have We Maxed Out Our Last Credit Card???

Well I read today that the Chi-Comms are now saying that it is getting harder for gubments to buy United States Treasuries. This is because the US's shrinking current-account gap is reducing the supply of dollars overseas.

Why is this?

"...it was inevitable that the dollar would continue to fall in value because Washington continued to issue more Treasuries to finance its deficit spending."

OMG! Whatever will we do when the well finally runs dry?

See my previous post on Fiscal Responsibility.

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