The Death of Foreign Lending
18 months ago, we saw the markets melting down because of ‘toxic assets’. What would happen if the dollar itself became toxic? In less than six months, the Federal Reserve created $12,220 per household in this country— including yours and mine. This gusher of cash is now being used to take over major sectors of the US economy. Meanwhile, a $4.1 trillion debt bomb is set to detonate just a few months from now. Now we discover that foreign lending to the United States is plummeting. Nobody wants dollars anymore! How far can the US dollar plunge in just one year? We’re going to find out!
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