US short term debt threatens to push dollar further down
Posted: Dec 1, 2009 1:10 am CST
Solution: Print more money?
Nov 30, 2009 (Market Oracle) -- Within the next 12 months, the U.S. Treasury will have to refinance $2 trillion in short-term debt. And that's not counting any additional deficit spending, which is estimated to be around $1.5 trillion. Put the two numbers together. Then figure out, how in the world can the Treasury come up with $3.5 trillion in one short year? That amount is nearly 30% of our entire GDP. Since we're the world's biggest economy, where will the money come from? . . continue reading.
