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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 387.98+1.3%Nov 28 4:00 PM EST
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To: hamvestor who wrote (25823)9/8/2011 4:52:41 PM
From: GST1 Recommendation  Read Replies (1) of 29622
 
The clock is ticking -- look at unfunded liabilities -- $115 trillion -- equal to forty years of total tax revenue -- over a million dollars per taxpayer. Then answer this question: Do you think it is likely that the US will default on its liabilities by printing an extra few tens of trillions of dollars? And as the global 'reserve currency', do you think this will have an impact on the global economy and inflation?? Do you think the rest of the world will fund us? And when they fail to fund us do you think the US will default on its liabilities by printing a an extra few tens of trillions of dollars?

The fate of the dollar is sealed -- and the rest of the world will only escape rampant inflation to the extent that they can decouple from the dollar as the ship sinks.

usdebtclock.org
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