This is what's pushing the dollar down, and will continue to push it down, unless we, the American people, take corrective action:
And let me close with the words of a few good men:
"We hear sad complaints sometimes of merciless creditors; whilst the acts of merciless debtors are passed over in silence." - William Frend, 1817
"I place economy among the first and most important virtues, and debt as the greatest of dangers to be feared." - Thomas Jefferson"
"The decline of great powers is caused by simple economic over extension." --The Rise and Fall of the Great Powers, by Paul Kennedy
"There is no means of avoiding the final collapse of a boom brought about by credit (debt) expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit (debt) expansion, or later as a final and total catastrophe of the currency system involved." - Ludwig von Mises
No generation has a right to contract debts greater than can be paid off during the course of its own existence." - George Washington to James Madison 1789