Financial disaster

"It's not the time to be optmistic or pessimistic, it's time to be realistic. Our whole system has been built on credit expansion, we have to grow credit year over year to keep the economy going. Our economy won't continue to grow, once we enter recession it's going to be a snowball effect wiping out millions of jobs. What counts is not how many dollars we have, but what they are worth and what we can buy with them. But the dollar is becoming less valuable each day and based on our economy, our huge account deficit, our huge trade deficit, our lack of domestic manufacturing and lack of domestic savings, there's only one thing that will inevitably happen to the u.s. dollar and i think we both know what that is"