Tuesday, November 11, 2008

Does this scare the crap out of you?

I got a chance to watch the clip below regarding US national debt, and while I did not shit my pants, it did send chills down to my spine and made me started to think about the years yet to come.

This could be the best 30 min you can spend.

Could someone tell me this is really some liberal/conservative scare tactics, or some deeply flawed junk, or indeed the Sword of Damocles high above this nation?

What you don't know cannot kill you, can it?


Anonymous said...

LOL, I didn't shit in my pants either.

This national debt is something our next generation or even the one after them will eventually have to pay. Sadly, but whatelse can we do? Higher tax is undoubtful no matter who is in whitehouse.

I don't think we are able to we pay off entire debt, paying 2/3 or more in 1-2 generations would be very good enough to turn around in long run.

USD is still the international currency, i.e., we are kidnapping all other nations onto the same sinking boat. No one would like to see USA fail. However, what is best solution??? I don't know. I know one thing for sure, that is buy what I can afford.


Anonymous said...

Hi, Wabbit, what's your thought about today's market. Today, market was deeply penetrated below 8000. I feel I'm lost. I am scared, worried and depressed. I see another 20+yr depression, like Japan. I don't think I will ever see 14000 DOW before my retirement. Really depressed.