Quote:
Originally Posted by parsonsj
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.
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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...
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..