Message:

<p>[QUOTE=&quot;berneck1, post: 1880114, member: 24201&quot;]I wish some of you were right, but here&#039;s what makes this VERY different from WWII....&nbsp; Back then the vast majority of the debt issued was owned by Americans.&nbsp; We invested in our own country.&nbsp; Today, over 60% is owned by foreign entities.&nbsp; That has very dangerous implications.&nbsp; There is a reason China is loading up on gold.&nbsp; </p><p><br /></p><p>Also, the idea that our debt is $17 trillion and the citizens make $14 trillion means nothing.&nbsp; What matters is what the government actually brings in, which is about $3 trillion.&nbsp; Still doesn&#039;t sound THAT bad.&nbsp; However the government already spends more than that!&nbsp; Also, $500 billion of that is interest on the debt, which is at rates that are very low.&nbsp; That will not last.&nbsp; There is a reason they &quot;suspended&quot; the debt ceiling.&nbsp; This has nothing to do with Democrats and Republicans putting aside there differences.&nbsp; They know it&#039;s coming.&nbsp; Costs are about to go much higher, which means more money printed, which means the money in your pocket is worth less and less.&nbsp; Our debt holders could get tired of this and start dumping the debt which compounds the issue.&nbsp; To be in debt is to be enslaved.&nbsp; We are partially enslaved to China and Japan.&nbsp; Not a good situation.</p><p><br /></p><p>When you also start to look at the unprecedented debt that our citizens hold, it becomes an even more dismal picture.&nbsp; We have people graduating college with debt that they have no hope of paying off for many many years.&nbsp; That&#039;s before they ever own a house or a car!&nbsp; We as a nation are deeper in debt vastly more than anybody ever was after WWII.</p><p><br /></p><p>I could go on and on, but the last thing I will say is, none of this even takes into consideration the MASSIVE shadow banking system.&nbsp; The collapse that almost occurred in &#039;08 was held off buy unprecedented money printing.&nbsp; It didn&#039;t fix a thing, it actually allowed that system to grow even larger.&nbsp; Warren Buffet called these instruments &quot;financial WMDs&quot;, and he is right.&nbsp; </p><p><br /></p><p>There&#039;s pretty much one way out that I could see, the collapse of the dollar, or to put it nicely, massive inflation.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in