Bush Has Solved Deficit Problem

OK! I knew he had it in him, but am amazed at the novelty of approach. We'll just print unaccountable money if we need it. This from The Times Of India.

On March 23, unnoticed by many, the US Federal Reserve quietly stopped publishing the quantum of broad money (referred to as M3) in the US economy.

Simply put, this meant the central bank will not reveal the amount of currency it pumps into the system each year. So, it will now be impossible to distinguish dollar inflows to US economy and new currency that the Fed would print.

So, the Fed, fear analysts, could covertly fund its near $800 billion budget deficit and $700 billion balance of payment deficit, which are more than India's GDP.

...

The US now wants the world to trust their word, even in the field of their currency's value. In a world where the confidence in US has never been so low since 1945, the dollar is thus turned into the central player of the beginning global systemic crisis,"according to E2020 - European Political Anticipation.

Oh yeah, world just trust US. OMG my side is aching from laughing.

I'm recovered. Now someone stop this idiot before he destroys the world with war or brings down the world's economies.