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Strategies & Market Trends : The coming US dollar crisis
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To: benwood who wrote (25548)12/14/2009 3:39:53 PM
From: DebtBomb  Read Replies (1) of 71456
 
benwood I agree they can't print 106 trillion....they'll devalue and who knows what else.
But, what else is hidden?
It's actually worse than we visualize.
The SS fund has already been raided and they stuck IOU slips in the box.
Further, spending is collapsing as 10,000 baby boomers retire every single day...thus tax revenues plummet. State by state they fold, at the federal level it folds.
The economic model is based on bubbles, the expansion of debt, and consumption....it's ponzi finance....it's folding....it's rigged to blow, IMO.
Smart people, we don't even need to mention their names, are calling the dollar a "0"....and calling for the u.s. to lose it's triple AAA rating....and will default.
What else is hidden? I know it's even worse than we think.
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