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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 366.09-0.1%4:00 PM EST
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To: TobagoJack who wrote (35771)6/15/2008 6:52:26 PM
From: elmatador  Read Replies (1) of 217549
 
The U.S. public is often mislead about our country’s financial condition, and does not fully understand the scope of the dollar’s problems because of the way it is presented by politicians.

Using the period from 2000 to 2006, the total liabilities created by the Federal Government for unfunded programs and the National Debt grew from $20 trillion to $50 trillion. This excludes State and local debt, and consumer debt. When these liability items are added together, they come close to equaling the household net worth of all Americans as of late 2007 or early 2008. We are technically bankrupt according to Government provided reports, but few know it.

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