Submission + - Doomsday for the Greenback
jcgam69 writes: The American people are in La-la land. If they had any idea of what the Federal Reserve was up to, they'd be out on the streets waving fists and pitchforks. Instead, they go about our business like nothing is wrong.
Are we really that stupid?
What is it that people don't understand about the trade deficit? It's not rocket science. The Current Account Deficit is over $800 billion a year. That means that we are spending more than we are making and savaging the dollar in the process. Presently, we need more than $2 billion of foreign investment per day just to keep the wheels from coming off the cart.