Scarlett Johansson was on Saturday Night Live this weekend and it had a hilarious but scary skit. Hollywood and the mainstream media are finally starting to get the implications of our $800B debt to China. President Obama was in Seoul South Korea this week at the G20 summit for business leaders. This is a hilarious video that show the aloofness of Obama with regards to the magnitude of the problem we are facing and our deficit I think it unfairly places the blame on Obama but it makes the point that the US needs to get its act together because the G20 Summit was exactly successful in terms of building business alliances. The dollar has lost 30% of its value in the last 6 years and stands to lose more. This is great for US exporters but it makes it even more expensive for US travelers and importing. This chart implies the lack of faith investors have keeping their reserves and making investments in dollars.
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