OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

USA debt bomb

Posted by Portugeezer @ 12:32 on July 29, 2014  

This debt has to be paid.

By your children.

By devaluation by 80% of the US$.

By a debt jubilee.


Of course I am hoping for a debt jubilee. But then I am in debt, big time.

Suppose a debt jubilee happens, it will seem so unfair to those who have done the right thing, saved and kept debt free.  Your neighbour who has free-loaded all his like, drives a new car, reneged on his mortgage and run up huge debts will find himself on a par with you.

What chance 5% or so?  Who knows, not Rich.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.