Connect the dots...

First, a word from the Chosen One:

President-elect Barack Obama on Tuesday braced Americans for the unparalleled prospect of "trillion-dollar deficits for years to come," a stark assessment of the budgetary outlook that he said would force his administration to impose tighter fiscal discipline on the government.

What discipline would that be? Only bailing out/nationalizing half the economy? "Trillion-dollar deficits" and "discipline" don't belong in the same story, let alone sentence. Meanwhile, it's become readily apparent to anyone paying attention that the printing presses at the Fed have been put on round-the-clock shifts--and then some:

A former member of the Bank of England’s Monetary Policy Committee has predicted a massive collapse of the dollar within the next two to five years, warning that a government increase in spending under President elect Obama could be disastrous.

Willem Buiter, who served the BOE from June 1997 to May 2000, has stated that he expects to see the plug pulled from under the dollar as foreign investors turn away from the dollar and other US backed assets including government bonds.