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The US is bankrupt! In the not-so-distant past, the money supply was restricted by the amount of gold backing it; now whenever we need to borrow more money, we print more. The money supply of dollars has about doubled since 1995. All of this crap will stop whenever the rest of the world begins to realize that they aren't going to be repaid by the US. When they stop buying our bonds, it's all over. Our standard of living will fall nearly over night. NO nation in history has owed as much as the US does right now. Between the gov't debt, corporate debt and private debt, the fall should be pretty steep. If you want to read more about it, go to Google and insert "the daily reckoning". We're spending $1 billion a WEEK to "liberate" Iraq. We're paying billions to edumakate the lumpen proleteriat's children.[ the elite's children get a different deal!] That's why home schooling is so hot. WM, this house of cards is shaking, and there ain't no money for trolley wires.
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