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.

http://www.zerohedge.com/news/2014-07-29/deadbeat-nation-shocking-77-million-americans-face-debt-collectors

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.

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Go to Top

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