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I did read the PDF and it’s not a pretty picture. Basic breakdown:

Rise in GDP, good. Rise in percentage of public debt as a ratio to the GDP, bad. (Projected to be close to 100% of GDP near 2020).

So, not good. But some caveat time:

First, this is the CBO, the same group that said we’d have a budget surplus back in 2000. So I really don’t trust their predictive capabilities much.

Also, looking at the actual numbers (for GDP) for last year it seems pretty decent. Also, looking at the historical graph of the Debt/GDP ratio, during the WWII years we also had nearly 100% of debt to GDP.

But again, that was during war time. What’s our “excuse” now? Our “war on poverty” started by LBJ, and all the entitlements that go with it?

Probably. Which is why we need to get rid of a welfare state and mentality if we are going to survive economically. Assuming the CBO can be trusted to predict the economic future, see above. Personally, I think there is economic chaos in our future but just not as quick as the CBO (or anybody) predicts. And it’s all because of our unfunded liabilities like “health care” for the “poor”, food stamps, and all the other products of LBJ’s failed fantasy. So they should all be repealed.

That’s not a political reality though. The system is going to crash, hard, before anyone dares touch those darlings of the left. And there will be chaos, looting and rioting when the EBT shuts down and food stops flowing.

So bottom line: if you believe you will live more than 40 years from today, buy gold and other precious metals (maybe even some rare earths but those values are really dependent on a functional technology based economy which will collapse along with the whole).

Because a collapse is coming. Not probably as soon as some gold bugs today claim, but it’s coming. It’s simple mathematics, it’s not scare mongering or politics.

Myself, I’m not planning on living much past 2040. Maybe 2050. So I’m not too worried. But if you reading this are younger, you better. Or buy property and live off the land and grid. Because the dollar and even crypto currency won’t save you, no matter how much you have saved up in a bank or online anywhere past 2060.