Jim Sinclair of jsmineset.com had a link to the essay “Before Saving the US” at ChinaStakes.com, written by a guy named Xiang Songzuo, which starts out, “The nature of the current global financial crisis is the biggest debt crisis in America’s history”, which is certainly not news.

Following an historic election, we take a moment to examine just what an Obama presidency will mean to the United States - what we have to look forward to, and how he will deal with our current financial crisis. And according Jim Davidson, some of the numbers just don’t add up.

Martin Hutchinson says $2 trillion in Treasury borrowing this year is a conservative estimate. This new debt will push up private-sector borrowing rates, while rapid money supply growth will create inflation. Martin says the Rydex Inverse Bond Fund (RYJUX) is a good way to play the demise of long-term T-bonds.

I want change too!  Euro leads a currency rally!  Factory Orders plunge!  Carry Trades back on the table! And Now… Today’s Pfennig!

In 2004, then Treasury Secretary John Snow was traipsing about the globe trying to “talk the dollar down.” Why? In a word: debt. At the time, our debt stood at $7 trillion, with interest payments in fiscal 2003 totaling $318 billion. But now the U.S. national debt stands above $9 trillion, with interest payments in fiscal 2007 adding $1.4 billion a day.

A shadowy figure lumbered into Ladbrokes this morning. His chin was tucked into his chest, and he wore a hat, pulled down to conceal his face.

Should Chinese money be bailing out U.S. companies? That’s one of the topics of the widely respected news show “60 Minutes” airing tonight (Sunday). Unfortunately, I’ll be out celebrating my sister-in-law’s 47th birthday tonight, so I’m going to miss it.

America’s debts will never be paid off. They are too large and we’ve long since passed the point of no return. The Fed’s corrupt monetary system actually depends upon expanding debt. Do you ever wonder exactly who the primary beneficiaries of this debt are?