I think you have a great idea, as it would turn a major liability into a major asset.

Thanks,

Rod

Thank you for your response and don’t worry about it being longer than normal. I think you were just thorough, which is good.

In general, and even most of the specifics, I agree with all that you’re saying.

It’s great to hear from you, and please stay in touch.

Rod

I am in agreement that the US is headed the way of the Roman Empire, and the debt situation is basically already beyond the point of return.

Forget about the National Debt which is at $12.9 Trillion…

The basic issue that overwhelms all other issues is how will the US deal with the fact that we have promised approximately $100 Trillion (give or take $10 Trillion) in FUTURE payments to our retired (and many not retired) citizens (and probably illegal aliens too before it is all over) through Social Security and Medicare.

Now we add Obamacare to the mountain of debt.

The money to fulfill these commitments does not exist, and it will not exist… the sums are too huge.

We will not be able to borrow that amount of money and we will not be able to confiscate it from the productive members of the private sector through increased taxation…

These programs will not be able to pay out as the Government has promised. There will have to be radical changes. The politicians know this but they are afraid to tell us the truth.

Alert citizens know this, but they are drowned out by the people with their fingers in their ears saying Na-na-na-na-na, I can’t hear you…

We are seeing the early stages of this play out in Greece, and it is spreading towards Spain, Portugal and Italy… When and how it happens here is still unknown.

I have hopes that this November will see a wave of fiscal conservatism take over DC as we have never seen. This will halt the Obama socialist agenda, and possibly we can take some small steps back in the right direction. Then 2012 is the most critical election in the history of this Republic. We need a leader who is a rock-solid fiscal conservative who is dedicated to rolling back the Fed Gov to Constitutional levels.

We need to find that leader and we need to defend him or her against the smear machine of the Main Stream Media who will use every trisk to mock and belittle them (like they did Palin).

One final point, Inflation or Hyper-Inflation does not solve the US debt problem because both Social Security and Medicare, and the interest on the existing debt are indexed to inflation, so the debts grow in step with inflation.

Sorry to be so long, but I am passionate about this topic.

Everyone needs to get prepared.

Seize the Day,
Rob

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I can’t give you personal advice on line, but I wouldn’t loan the U.S. government a dime.

Thanks,

Rod