http://www.zerohedge.com/news/scariest-chart-ever
Hmmm, just Fed debt? This could look a lot worse with all state & muni debt included!
Hey why stop at governmental debt. There is 1 trillion in student loans that isn't going to get paid back because those kids majored in bitterness studies - and not underwater basket-weaving which is at least a skill. Add on the massive wave Home foreclosures that is yet still to com. The only reason we aren't hyperinflationary at this point is that we are destroying the measures of wealth almost as fast as the government is printing it.
And then you see things like the
OWS crowd has a 60% approval rating and all I can say is that my pessimism of a political solution is well placed.
Making people scared and desperate is what the left does, and they are making more all of the time. After all, you need that if you are going to have a revolution. Obama may refuse to step down- he is building his army of young kids. Its all going to come crashing down in a fit of violence, rage and war. . Just as it has done countless other times in history.
All we can do now is prepare to watch the show