Like it or not, or even if you believe it or not, we are living in a huge debt bubble. Ask yourself, what will happen when this bubble bursts? The answer is simple, economic chaos. A 17 trillion dollar national debt is equivalent to someone opening up 20 different credit cards, run them up to the max, then tell the card companies i cant pay any of it back. Forget the 202 trillion in unfunded liabilities! The U.S. is experiencing a false prosperity, an illusion of a future recovery, while debt has grown an average of 9.3% a year, the economy has only grown by 1.8% per year. It is going to be messy and things will unravel very quickly. Perhaps some preparation is in order.
Posted on: Tue, 29 Oct 2013 14:30:47 +0000
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