Capital Flow Watch » US Fiscal Deficit

US deficit soars six-fold - Government spending:

John Schroy — Sun, 18 Oct 2009 09:05:01 +0000

This "Obama Deficit" is about six times the fiscal deficit for the year 2003 and at the highest level in American history.The Federal Reserve Flow of Funds accounts for Q2 2009, estimates the US fiscal deficit (on an annual basis) at $1,294.9 billion.Uncontrolled spending by the US government and the lack of any clear plan as how these outlays will eventually be financed has resulted in the world fleeing dollars.

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Debasing the dollar; destroying a nation - The world's policeman is going broke:

John Schroy — Mon, 12 Oct 2009 16:25:11 +0000

The dollar has declined against other currencies since nine-eleven.Costs of asymmetrical warfare and being the "world's policeman" cannot be sustained indefinitely.On top of the cost of a long war, the Obama administration is heaping profligate government spending designed to redistribute wealth.The winner may well be Osama bin Laden, dead or alive.

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