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To: Painesright

I’ve seen/heard estimates, including unfunded liabilities, of anywhere from $50 trillion up to $200 trillion, depending on what it includes and the variables used to calculate it. My view is, whether it’s $50 or $200 trillion really isn’t the point. The point is our government has spent this nation into bankruptcy, and all that’s left for it to come to a head is a catalyst event that causes a tipping point in loss of confidence in the fiat dollar’s real value. When that happens, there will be much wailing and gnashing of teeth as we dive into a hyperinflationary collapse. The time to prepare for it is now, not later.


6 posted on 09/20/2010 9:16:29 AM PDT by OB1kNOb (When the righteous are in authority, the people rejoice; When a wicked man rules, the people groan.)
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To: OB1kNOb
Mr Kotlikoff says the debt is actually $US200 trillion. Mr Moylan says the number is likely about $US60 trillion.
20 posted on 09/20/2010 10:59:47 AM PDT by OB1kNOb (When the righteous are in authority, the people rejoice; When a wicked man rules, the people groan.)
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