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Re: auroradude post# 164

Wednesday, 08/11/2010 10:29:03 AM

Wednesday, August 11, 2010 10:29:03 AM

Post# of 248
I have no idea. I am a neophyte at best. I am long term short because debt is huge (43 cents borrowed for every dollar spent) and spending is 10 billion a day avg [.43 cents times 10 billion times 365 day divided by 300 million people is $5,231 more debt per person per year than the 43,000 per person already owed based on 13 trillion, but some argue entitlements make 13 trillion actually 100 trillion which would make individual debt $331,000). There is very little the gov. can do now (interest rates for example and how much more stimulus is willing to be spent?)that hasn't been done. Just today, Cal Thomas in "We are reaping what we've sown" article on america's lost moral compass says "America...is on the verge of economic insolvency." I read a very good article that says that the gov. will be forced to eventually devalue the debt and that means not just inflation, but hyper inflation. Other than that, life is good. :)