Just Foreign Policy Iraqi Death Estimator    

Sunday, January 15, 2006

The dollar may fall this March


America's foreign debt currently standing at $8,184 trillion will hit the debt ceiling as early as February-March 2006The United States is heading to financial crisis at top speed. That is correct, America will default on its foreign debt sooner or later if the actual trends remain unchanged. Consequently, the whole dollar-based world (including savings in U.S. currency) may crumble. The United States has been on the verge of default for several times in the past. The recent pre-crisis situations occurred in 2002 and 2003.

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