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.
- It can never be repaid. Implications are dire.
- Official debt doubles about every 8 years. Does $80 trillion of official debt in the early 2030s sound viable?
- Per Krugman there is no problem. Consider the source.
- Denial is not a winning strategy, but it does prolong the period before the crash.
- 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.