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To: 1010RD
"The only halo around Obama and America is the fact that there is no where safer to park your dollars than here. Obama and the Dems could, of course, ruin that"

I don't think so. The dollar is on the extreme edge of diving board. Nobody's parking any money in US dollars right now.

Obama's spending will nudge it over the edge, because there is no where for Obama to borrow the money he's spending. Do you think China or anyone else is going to buy treasury bills to cover that debt, which is going to hit 16 trillion or more? That's WAY way past the 10% of GDP safe limit, and with unemployment rising from massive daily lay offs, our GDP is shrinking rapidly, which raises that percentage number.

Spending another Trillion is the absolute WORST thing Obama should be doing when revenues are shrinking, and debt rising out of control.

Who and what country would be crazy enough to park a trillion in USD's that are about to explode into freefall?

Obama's already lit the fuse, it's only a matter of time now. As soon as those printing presses start up, it's all over.

12 posted on 02/04/2009 10:02:07 PM PST by Nathan Zachary
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To: Nathan Zachary

Are you saying Depression?
I think we’re definately headed there.


13 posted on 02/04/2009 10:10:31 PM PST by unkus
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