Armageddon From Debt!
By
Randy-G
on September 25, 2009 at 09:31 am
Most of us know how to solve this problem, however, those of us who care are not in a position to do anything about it.
This guy knows.
Listen to Julian,
“The U.S. has to quit spending, cut back, start saving, and scale backward,” Robertson said. “Until that happens, I don’t think we’re anywhere near out of the woods.”
“If the Chinese and Japanese stop buying our bonds, we could easily see [inflation] go to 15 to 20 percent,” he said. “It’s not a question of the economy. It’s a question of who will lend us the money if they don’t. Imagine us getting ourselves in a situation where we’re totally dependent on those two countries. It’s crazy.”
More,
http://www.cnbc.com/id/33004753
And a little slide show of who holds our debt and how much. Might surprise some of you.
http://www.cnbc.com/id/29880401/
And just a speck from Vodkapundit,
Ever paid off a low-interest credit card by putting the balance on a higher-interest credit card? No? Good, you’re smarter than our government.
Pay attention, pay very close attention!
