As anyone can see, the country is now in freefall, flailing through a pit of debt and nearly endless debt increases. But there WILL be an end. The bottom of the pit... or the top of the pyramid to use a different analogy... is rushing headlong at us with tremendous velocity and obliterating force. It's not yet visible, and we can't yet touch it, so many people will pretend it isn't really there.
Are YOU one of them? If you're one of those who "hopes" things will work out... "somehow," then you are.
The notion that life as we Americans know it is sustainable will revealed as a facade, probably soon. Our time is nearly up.
Obama: If debt limit not raised, new financial crisis
WASHINGTON | Tue Jun 14, 2011 10:21am EDT
WASHINGTON (Reuters) - President Barack Obama warned on Tuesday there could be another global financial crisis if Congress failed to raise the national debt ceiling.
But in an interview with NBC's "Today" show, Obama also said he took Republican leaders at their word that they want to avoid such a situation and he expects a deal to increase the debt limit "in a sensible way."
"The full faith and credit of the United States is the underpinning not only of our way of life, it's also the underpinning of a global financial system. We could actually have a reprise of a financial crisis, if we play this too close to the line. So we're going be working hard over the next month," he said.
http://www.reuters.com/article/2011/06/14/us-usa-debt-obama-idUSTRE75D2SY20110614
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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