It's the Current S.S Surplus barrowing that is keeping us from having a $500 Billion or $600 Billion Dollar deficit.
But don't worry, Economic collapse is just around the corner, soon as the rest of the world gets tired of losing money because of the falling value of their Dollar investments, or they switch the "Petro Dollars" to "Petro Euros."
:evilgrin:
Check out these articles that warn of our impending Doom (which Bush and Co. have chosen to ignore):
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http://www.fromthewilderness.com/free/ww3/121504_insider_selling.shtml>
Rampant Insider Selling Raises Red Flags
By Rachel Beck
Associated Press
Dec. 14, 2004
NEW YORK - Talk about a double standard. While corporate leaders tout the benefits of investors owning their stocks, many executives seem to be running for the doors themselves.
Selling of shares by insiders - which includes executives and other top officers and directors at a company - has been rampant in recent months, with sales rising to their highest level in more than four years in November.
or this:
Economic "Armageddon" Predicted
By Brett Arends/ On State Street
Tuesday, November 23, 2004
Stephen Roach, the chief economist at investment banking giant Morgan Stanley, has a public reputation for being bearish.
But you should hear what he's saying in private.
Roach met select groups of fund managers downtown last week, including a group at Fidelity.
His prediction: America has no better than a 10 percent chance of avoiding economic "Armageddon."
for more click link<
http://www.fromthewilderness.com/free/ww3/112304_economic_armageddon.shtml>
or this
"Japan Threatens Huge Dollar Sell-Off"
Heather Stewart,
The London Observer
Sunday December 5, 2004
http://observer.guardian.co.uk/business/story/0,6903,1366578,00.htmlJapan is warning the White House that there will be 'enormous capital flight' from the dollar if the Bush administration maintains its laissez-faire approach to the mounting currency crisis.
Tokyo fears that Japan's strongest economic recovery in a decade could be derailed by the sudden appreciation in the yen against the greenback...
or this
Opec sharply reduces dollar exposure
By Steve Johnson and Javier Blas in London
The Financial Times
Published: December 6 2004 21:12
Last updated: December 6 2004 21:12
Oil exporters have sharply reduced their exposure to the US dollar over the past three years, according to data from the Bank for International Settlements.
Members of the Organisation of Petroleum Exporting Countries have cut the proportion of deposits held in dollars from 75 per cent in the third quarter of 2001 to 61.5 per cent.
Middle Eastern central banks have reportedly switched reserves from dollars to euros and sterling to avoid incurring losses as the dollar has fallen and prepare for a shift away from pricing oil exports in dollars alone...
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http://www.fromthewilderness.com/free/ww3/120804_opec_dollar.shtml>
Cheers :toast: