Re: [hameltech] Fw: between now and 2020 timeline..
- ever watch it's a mad mad mad mad world..??i'm like the pretty young girl at the drinking fountain who found the "Big W".. let's just see how long the dream lasts..i wonder what the chief of police would say about all this.. where is Spencer Tracey now..??----- Original Message -----From: George PantosSent: Thursday, July 15, 2010 4:24 PMSubject: [hameltech] Fw: between now and 2020 timeline..to back up my economic disaster arguement.. i'm not fooling around.. i know something that no one else does.. some of these people are close and finding "symptoms" of my half assed theory, cause i stopped short of following thru on it.. anyhow that's at least what i like to believe..
Bowles said if the U.S. makes no changes it will be spending $2 trillion by 2020 just for interest on the national debt.
that's it.. that's the clue to when the United states will fall in an economic disaster.. within 10 years, we will be wallpapering our walls in dollar bills.. no if ands or buts.. there is no way we can spend 2 trillion on interest payments.. that's the key to the date.. we pay 700 billion now on interest on the debt.. which means by then, if i'm not mistaken, that by 2020 we will be using the entire tax revenue just to pay interest on the debt.. (more or less..) couldn't find exact figures.. who is going to lend us money on top of that at that point.. no.. that's when the entire thing will fold.. and one has to think who is going to invest in anything when in 10 years it will be trashed.. i can't see owning stocks in this situation.. maybe a select few.. the key figure too watch is what proprtion of tax revenue is going into paying interest on the debt.. that's the key to the timeline, that says when our credit line is up.. no nation can borrow indefinitely. .