In a very real sense, the Fed and the government are close to going over the spending limit of our nation's credit card. We rely on foreign investors to buy our debt so our government can maintain its appetite for spending. Yet the market for US Treasury Bills is rapidly shrinking as yield declines. Still the government will need an estimated $100 billion more for every year we "stay the course" in Iraq , not to mention what a possible conflict in Iran could cost.
[Chuck Baldwin's Web Site|Full Article|Note on Reposting]
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