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Archive for October 28th, 2010

When will the U.S. dollar collapse?

28 Oct

The Federal Reserve has created more than a trillion dollars in the past few years.  The last two federal budgets have had back-to-back one trillion dollar plus deficits for the first time in history.  The federal government budget shows no signs of stabilizing at more than $3.5 trillion annually, let alone declining from these nose bleed levels anytime soon.  Unfunded liabilities of the federal government have reached an astonishing $202 trillion, according to one recent analysis.  Despite the collapse of the Soviet Union and the supposed “peace benefit,” total military spending is reaching unprecedented levels in a post Cold War era.  Read the rest of this entry »

 
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Posted in Federal Government, Federal Reserve, Spending, Taxes, U.S. Dollar