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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (267449)	8/9/2010 9:25:34 AM
From: DebtBomb	Respond to of 306849

Got austerity? bloomberg.com

To: Giordano Bruno who wrote (267449)	8/9/2010 9:46:56 AM
From: DebtBomb	Read Replies (1) \| Respond to of 306849

THINK....who's the biggest pig of them all? 800% Debt to GDP counting entitlements? Do you really think this can continue? You can't print 106 trillion. Soon, the interest on our debt alone will put us into permanent negative GDP. Every new dollar of debt practically produces no GDP. Got austerity? Got rich man's crash? Where is the money going to come from? It isn't going to come from the middle class that's for sure. They have to remove the tax cap on SS wages. And, they have to take the tax rate back to 70-90% on the rich. And, they have to penalize corporations for outsourcing our jobs. Just in case though....we're weimar....got gold? Just in case....they devalue....got gold? DOW = DebtOutWazoo.