Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (25541)	12/14/2009 1:39:01 PM
From: benwood	3 Recommendations Read Replies (1) \| Respond to of 71456

They don't need to print 106 trillion since that is GAAP accounting and if they reduce Medicare payouts and increase the cap to infinity and if they reduce SS payments to 70% within 20 years or so, all that deficit vanishes (except the current 12 trillion or so deficit and the ongoing deficit). That 50+ or 100+ trillion "deficit" is promised versus projected, and the promise can and will change, either be lowering the payout or, more likely, by systematically eroding the dollar. Faster then before, of course, because the slow burn hasn't been fast enough as yet. If any unheard of (in the USA) scheme is desired, then they will orchestrate a crisis in order to jam it through. I think there's a reasonable likelihood that happens, esp. if they want to jam down SS by 25% or jam up the Medicare income threshold to infinity. I agree that the dollar devaluation will be the way they go, primarily. With it, we import inflation, and the falsified CPI can be used to water down SS 2+ percent per year so that after 10 or 15 years, we have trimmed it the required 30%. But alas, they'll have new SNAFUs they've created and of course that would never be enough. And I think that nefarious plans to screw the masses always have a nasty way of blowing up in some unintended way.