Ahhh. I see why Greg makes money and I don't now. :D

Yep -- Better lucky than smart.... I'm not very smart but I've had some very good luck! :lol:

AMEN Greg.. I am not smart enough to understand the paradox of thrift, or the kensian way of economics...Or am I ? I have been saving 20% of my pay for decades, and it seemed to work out great for me.

I see the out of control printing and spending that devalues our currency, as the problem. Not the individual who saves too much..

Also Luck is not blind luck.It is the meeting of opportunity and preparation..Leading to 2008, I would tell my Wife that a chance of a lifetime is coming. Bad for many, but good for those ready for what will happen..
All the preparation and Investing prepared me for that moment in time.

Sure I could have done better, but the mistakes I made in 2000, I did the exact opposite this time to great success..I am luckier than I am smart, but smart enough to use the luck when it presents itself.:cheers: :woot:

The Federal Government has between 13 to 17 trillion dollars in Debt.

The federal Governments assets are 1.4 Trillion..

35% of that is Student loan debt that they are depending on. Housing loans are only 9%. What if the Student loans are forgiven ???

There is a big problem with those numbers, and those that are not saving for a Rainy Day may be sorry..

Brings to mind an old saying -------


Figures lie -- and liars figure......



The government probably actually has no clue where it owes and to whom and how much... it's just too many departments and way to large of numbers to ever get a handle on it. Probably a good thing nobody knows - it would be too frightening!

:lol:

I was lying around figuring, and now I figured that I have been lied to...:wow: :rofl:

Let's use your number: $17T. It's only a number, and is actually smaller relative to GDP than it has been in the past. What scenario do you see playing out in the future that has you concerned? What is the apocalypse? I'm not being argumentative, just curious.

Here's another link about the history of Federal government debt back to the 18th century. It has some nice charts to compare our current situation with our past:

http://www.usgovernmentdebt.us/debt_deficit_history

The only time the debt was higher is World War One and World War Two.

And The printing and spending will only devalue our currency more.. I don't see any apocalypse for me, I am ready.

I see that the continued spending, printing, and entitlements will weaken this country . You cannot spend that kind of money, and not expect consequences..

I don't thing you are arguing at all, just asking..I feel people can do what they want, and I have prepared with the Investments and assets that I have..I do not buy into the media hype and by being prepared, I just don't have to worry..

I just think that people who are not properly deleveraged, and don't have access to liquid cash, and are not invested for the long term, are in trouble...:cheers:

Also those charts do not show the Interest payments due on Fannie and Freddie, so I do not rely on the charts at all..Maybe from the past, but today's charts can be manipulated for political gain.

I don't see armageddon, just a really long rough patch(10 years plus), for the non prepared..

Just look across the pond at Europe if you'd like to see where we're headed... Debt and an entitled population...

If it wasn't for the Chinese buying our paper - we'd already be out of business.