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Dumb question about hyperinflation ... or maybe not
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<p>[QUOTE="Vess1, post: 788410, member: 13650"]Nice writeup but the problem is, the numbers simply don't lie. Plugging your ears, ignoring the facts and painting a nice picture of how everything will be solved doesn't fix anything. The numbers do not lie: </p><p><br /></p><p><a href="http://www.usdebtclock.org/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.usdebtclock.org/" rel="nofollow">http://www.usdebtclock.org/</a></p><p><br /></p><p> The country is bankrupt. Comptroller general David Walker, the head accountant of the U.S. admitted it. What more do you want? Given *historical* tax revenues (which were likely much higher than are coming in now), in 2040, all the taxes collected will be enough to pay for social security, medicare and nothing else. From David Walker's mouth. Not mine. </p><p><br /></p><p> I'm not saying PMs are going to make anybody rich. Far from it. But they may be the only thing left that allows people to retain whatever wealth they have when everything does hit the fan. Gold will still buy what gold buys today. Maybe a little more. Even if it is valued in $10k inflated U.S. dollars an ounce. It sounds great for gold but it's really not a great situation. It makes no difference when valuing something that actually has value vs. something that has little or no value (and falling).[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 788410, member: 13650"]Nice writeup but the problem is, the numbers simply don't lie. Plugging your ears, ignoring the facts and painting a nice picture of how everything will be solved doesn't fix anything. The numbers do not lie: [url]http://www.usdebtclock.org/[/url] The country is bankrupt. Comptroller general David Walker, the head accountant of the U.S. admitted it. What more do you want? Given *historical* tax revenues (which were likely much higher than are coming in now), in 2040, all the taxes collected will be enough to pay for social security, medicare and nothing else. From David Walker's mouth. Not mine. I'm not saying PMs are going to make anybody rich. Far from it. But they may be the only thing left that allows people to retain whatever wealth they have when everything does hit the fan. Gold will still buy what gold buys today. Maybe a little more. Even if it is valued in $10k inflated U.S. dollars an ounce. It sounds great for gold but it's really not a great situation. It makes no difference when valuing something that actually has value vs. something that has little or no value (and falling).[/QUOTE]
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Dumb question about hyperinflation ... or maybe not
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