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Re: tomg1 post# 5340

Monday, 07/11/2011 6:58:24 PM

Monday, July 11, 2011 6:58:24 PM

Post# of 36557
I reread your post, and I don't think we need to worry about the US getting it's fiscal house in order. In my opinion it's too far gone now with $14 trillion in debt and another $60-75 trillion in entitlements. Unless the free world just forgives our debt in exchange for protection and agrees to pay to support our military, that might save or extend the "empire". This collapse isn't going to be like the great depression in my opinion as the world is much wealthier and industrialized now. Will there be chaos, certainly, but once the world works out a better system of paying for things than printing paper(likely a universal world currency debit card tied to gold and silver forever based on this painful lesson), everything will return to normal. That will unfortunately take a few years and a few wars(economic and cyber, if not military), but life will go on. So in the end silver will have many uses and increasing value. I highly recommend reading the book "Aftershock - How to protect your wealth and profit in the next global financial meltdown." They mention the final straw as US debt going unsold. When are those Treasury auctions? Let's see how they do this week...

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