The US government needs to borrow at least US$1 trillion in the coming year, excluding the US Treasury's $700 billion plan to bail out the financial and other industries,
IF we borrow this much it will equal the last 4 yesrs of borrowing and includeds no increase or other spending Obama has talked about.
"The dollar now looks strong for a technical reason. The money the US financial firms had invested in the world is being repatriated into the homeland, causing dollar-buying. But once this conversion into the dollars is done, the currency will head south,"
Last done by the Carter Administration.
http://en.wikipedia.org/wiki/Carter_bonds
This stabilizatin was one of the last acts of 1934 which marked a bottom of the great Depression. If we reach this it will mark either the end of the downturn or if it occurs and things continue to worsen will be off book from history. That is a very scary thought.
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