Economic Depression Ahead!
March 26th, 2008According to the Office of Management and Budget the over the next 20 years the 78 million members of the baby boomer generation will extract over $100 trillion dollars from the Social Security, Medicare and Medicaid systems. Read my lips - the money ain’t there.
The U.S. dollar, once as good as gold, has lost more than half it’s value over the past five years. Many of our trading partners including Kuwait are demanding payment in Euros - they no longer will accept dollars. Soon all the oil producing countries will reject our greenbacks and we’ll be forced to pay with more expensive foreign currencies.
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