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Silver and the Train Wreck

Tuesday, November 15, 2016 7:38
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(Before It's News)

deviantinvestor.com / by Gary Christenson / November 15, 2016

The U.S. National Debt is a “train-wreck.” The official debt is nearly $20 trillion and the unfunded liabilities are $100 – $200 trillion, depending on who is counting.

  1. It can never be repaid. Implications are dire.
  2. Official debt doubles about every 8 years. Does $80 trillion of official debt in the early 2030s sound viable?
  3. Per Krugman there is no problem. Consider the source.
  4. Denial is not a winning strategy, but it does prolong the period before the crash.
  5. The losers in the crash will probably not be the financial or political elite. That leaves the rest of us.

This graph shows the US official national debt – log scale in $millions – for a century. There is ample reason to believe this 100 year trend will continue and possibly accelerate.

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The post Silver and the Train Wreck appeared first on Silver For The People.

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