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Financial Friday: Why Do People Still Loan To The Government?
FF: Why do people still loan to the Government?
The US government is almost $35 TRILLION dollars in debt. They are spending more than $2 trillion in excess of what they bring in. In addition, the unfunded liabilities of the government (that is what they call you socialist security check) are increasing at about $4 trillion a year. All of this when they only bring in a total of $4.9 trillion a year. If it cannot go on forever it will not go on forever. Our belief is that the US will do a soft default by debasing their currency more and faster.
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