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<p>[QUOTE=&quot;Rono, post: 1091057, member: 6492&quot;]Howdy zep/all,</p><p>&nbsp;</p><p>I can&#039;t argue with your view of the situation.&nbsp; As I stated on the other thread, the unfunded liabilities are somewhere betwixt $75T-105T.&nbsp; These are social security, medicare/aid, various trusts, debt service, etc.&nbsp; There is no combination of tax increases nor benefit reductions that will come close to paying this tab.&nbsp;&nbsp; From what I&#039;ve read, they figure they need to monetize a goodly part of it by buying debt [read: quantitative easing [[really read:&nbsp; debasing the dollar]].&nbsp; Estimates are they they need to halve the value of the dollar over the next decade (e.g. the dollar has lost 96% of its value since the Fed was created in 1913).&nbsp;&nbsp; Now I can understand this being the plan.&nbsp; The nut question is:&nbsp; Can they do it without causing the dollar to crash resulting in hyper inflation [read:&nbsp; I&#039;ve always heard it described as triple digits or worse].&nbsp; Cripes, I don&#039;t know.&nbsp; We know that the chinese and OPEC own too many dollars and too much of our debt to want it to puke.&nbsp; Not in their self-interest.&nbsp;&nbsp; That said, I think it&#039;s a given that the world is trying to figure out a way to stop using the dollar as the reserve currency.&nbsp; Head of the IMF wants a market basket including gold.&nbsp; Lot&#039;s of others are saying the same thing.&nbsp; I think we&#039;ll end up with a mix of 4-5 currencies and gold as the basis.&nbsp; </p><p>&nbsp;</p><p>As for my country.&nbsp; Things are bad and getting worse in many ways.&nbsp; What&#039;s happening in Egypt is telling.&nbsp; 40% of the pop in poverty.&nbsp; Soaring unemployment.&nbsp; Distribution of wealth bad and getting worse as the super rich control the gov&#039;t.&nbsp; Middle class being destroyed.&nbsp; &nbsp; duh, remind you of somewhere near and dear?</p><p>&nbsp;</p><p>Nopers, I&#039;m on board with you and preparing for the worse while hoping for the best. </p><p>&nbsp;</p><p>peace,</p><p>&nbsp;</p><p>rono[/QUOTE]</p><p><br /></p>

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