If you think the worst is behind us in the United States financial markets, you may not want to hear the bitter truth. We have a dollar that is still slumping in foreign markets, a booming budget deficit, and untold levels of all kinds of personal debt. These are just some of the symptoms of the coming financial crisis in US trading and US markets.

More than one high-profile figure among those who are experts on the health of Wall Street has warned that we may not be in a slow recovery, but rather a double-dip recession. The country and her people are living beyond their means, and we won't be able to continually control either our personal spending or our government's spending.

Our country does not have the global dominance that it once had, due in part to the sloppy way our financial system is overseen - or in some cases, the way there is not oversight at all. One of the biggest enemies that we face right now is the over-abundance of faith we have in our free market economy. The Market is more and more serving the greater interest of those who should be more closely scrutinized for their financial practices.

Technically, we are not suffering from too much borrowing on the federal level, but more closely by the over-investment in America by foreign interests. The money coming into our country from foreign banks has caused us to become less careful in the way we spend, at nearly every level. It's important that all our failings are understood, so that we may put our problems in a perspective that is easier to see.

Money is pulled into the United States because our investments are attractive. We are receiving money, not because we are a good investment, but because of factors that don't have anything to do with our underlying economic health, or lack of it.

Money from other countries, particularly Asian countries, has given us support for our financial system, and allowed the Federal Reserve to hold interest rates down. But we are nearly as low as we can go on interest rates now, and they are no longer generating investors to purchase homes or other big ticket items.

As we came into our current state of the economy, with record budget deficits along with record levels of personal and business debt, and in a time of war, it is becoming more clear that we cannot go on with our current rate of spending beyond our means. If we do, then the coming financial crisis in US markets may be even worse than many Wall Street financial managers fear.