Sunday, May 11, 2014
Fed Warns of UNSUSTAINABLE Debt, Beyond $100 Trillion!
Unsustainable debt isn't a future prediction as the Fed makes it seem. When using GAAP, the US is already well beyond a sustainable level and will ultimately have to reform or COLLAPSE. Despite what the politicians tell you, these are the two options.
The government will never admit fault and will surely never change course on their policies. Therefore, we can expect the COLLAPSE to take place.
"Are we still a capitalist democracy or have we gone over into an oligarchic form of society in which incredible economic and political power now rests with the billionaire class?"
Fed Chair: 'Deficits Will Rise to Unsustainable Levels'
federal government's debt held by the public would rise from $11.983 trillion at the end of fiscal 2013 to $20.947 trillion by the end of 2024.
I'm worried about a crisis bigger than 2008: Faber
GAAP-Based Federal Budget Deficit Hit Record $6.6 Trillion in 2012
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