Wednesday, April 8, 2009

United States Debt Obligation Now Greater Than World GDP

$78.8 Trillion dollars. This is the total national debt. Understand: there is no way we can pay this debt, due to our multi-trillion dollar budget deficits, without printing more money. And when you print up more money, it devalues the currency. When you print up this much money, the currency becomes completely worthless. And this is why we are in for hard times. This is the calamity we cannot escape.

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