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Thursday, May 04, 2006
Robert Kiyosaki,the Yahoo columnist writes that the primary reason he’s in real estate, oil, gold, and silver is because the U.S. dollar has become the new peso of the world. It's becoming more and more worthless as the U.S. is the world's biggest debtor nation. Just how badly is the U.S. borrowing money? According to the Treasury Department, America's first 42 Presidents (from George Washington to Bill Clinton) borrowed a combined total of $1.01 trillion from 1789 to 2000, Between 2000 and 2005, President George W. Bush has borrowed $1.05 trillion - and he's got a few more years left to go. While the US borrowing levels has been a matter of concern for a long time, the world economics looks so intertwined that it may look inappropriate to just look at one side of the equation and draw alarm bells - clearly these can be used for market trading information, at best and thats what Bob seems to be recomemding here.
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