Terral
Terral Corp CEO
- Mar 4, 2009
- 2,493
- 92
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- Banned
- #1
Greetings to All:
DailyBail.com
Sooner or later the whole world is going to realize that the USA is bankrupt and unable to make good on the growing debts, until a wheelbarrow filled with hundred dollar bills buys nothing. The only way I know to protect yourself from the coming collapse is to buy gold, silver and precious metals which are artificially lower right now by global bankster manipulation.
Those of you with all your wealth in worthless fiat dollars are going to be sorry when the crap hits the fan ...
GL,
Terral
DailyBail.com
The USA National Debt is now more than 200 Trillion Dollars and heading quickly to 300 Trillion Dollars, as the privately-owned Fed continues printing up trillions and trillions and trillions to prop up a failed fiat currency and an imploding U.S. Economy.CHART SHOCK - The Real National Debt Is $202 Trillion
Chart Pic
Graphing the national debt and unfunded liabilities thru 2009. Dr. Kotlikoff, economics professor at Boston University, has the 2010 numbers below.
Dr. Lawrence Kotlikoff - National debt truth teller...
The Government Is Lying About The Amount of Debt
Kotlikoff: "The U.S. is bankrupt and we don't even know it..."
Bloomberg Video: Dr. Laurence Kotlikoff economics professor at Boston University, discusses the national debt and unfunded liabilities - Aug. 11, 2010
Using CBO data, Kotlikoff says the real national debt is $202 trillion.
Compare the official deficit numbers for July - $165 billion - with the numbers for all of 2002 - where $165 billion covered the deficit for the entire fiscal year.
The Congressional Budget Office whose Long-Term Budget Outlook, released in June, shows an even larger problem - Unofficial Liabilities.
Based on the CBO’s data, I calculate a fiscal gap of $202 trillion, which is more than 15 times the official debt. This gargantuan discrepancy between our “official” debt and our actual net indebtedness isn’t surprising. It reflects what economists call the labeling problem. Congress has been very careful over the years to label most of its liabilities “unofficial” to keep them off the books and far in the future. [More]
Sooner or later the whole world is going to realize that the USA is bankrupt and unable to make good on the growing debts, until a wheelbarrow filled with hundred dollar bills buys nothing. The only way I know to protect yourself from the coming collapse is to buy gold, silver and precious metals which are artificially lower right now by global bankster manipulation.
Those of you with all your wealth in worthless fiat dollars are going to be sorry when the crap hits the fan ...
GL,
Terral
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