>http://money.cnn.com/2009/10/16/news/economy/treasury_deficit/index.htm?postversion=2009101615
>
>Here's another spin on it:
>
>http://blogs.usatoday.com/ondeadline/2009/10/budget-deficit-confirmed-at-14t-lower-than-expected.html

The decades of exporting all possible business to other places where labor is cheaper, while pumping the consumption at home by loans have borne fruit. And I don't mean just the mortgage and credit card debt, it goes all the way up. Increasing business by having your customers get deeper in debt can only work as far as the customers can pay the debt... but then what they pay for interest doesn't go to any real business, it goes to the banks to invent more and more money on which to charge more interest, and deepen the debt cycle. It only goes so far. And, BTW, there's no rebound when you touch the bottom - there's no bottom. Economy sinks endlessly when it sinks.

Also, with this Mickey Mouse dollar, without gold base, economy is a matter of faith.

There's a good reason why Jefferson didn't like banks.