SEE THIS
Twenty bullets we have to dodge. Good luck!
1. Federal Budget Deficit Bomb: Toxic Debt 90% triggerpoint in range.
2. U.S. Foreign Trade Bomb: total debt climbing at 400 billion per year currently at $2.5 trillion with China holding more than $1.3 trillion.
3. Weakening U.S. Dollar as Foreign Reserve Currency Bomb: possible change to replace dollar as main foreign reserve currency.
4. Cheap Money Bomb: Credit Ratings Down, Rates Up: run away as debt goes up and interest rates soar.
5. Global Real Estate Bomb: current housing bubble is $1.7 trillion
6. Peak Oil and the Population Bomb: peaking demand as population expands drives prices up.
7. Social Security Bomb: by 2035 eats entire federal budget other than defense.
8. Medicare: A Nuclear Bomb: Medicare beats Social Security to the bankrupsy point.
9. Health-care Insurance Bomb: costs rising faster than inflation
10. State and Local Government Budget Bombs: continuing to rise
11. Underfunded Corporate Pensions Bomb: $409 billion deficit in 2009 defaults guaranteed
12. Consumer Debt Bomb: consumer debt rising currently $2.5 trillion
13. Personal Savings Bomb: savings rate dropped to below zero in early 1980s, slowly rising
14. War and Military Defense Deficits: nominally $200+ billion annually
15. Homeland Insecurity Bomb: all increasing budgets
16. Fed/Treasury Bailout Bombs: toxic assets estimated at $23.7 trillion
17. Insatiable Washington Lobbyists Bombs: new corporate socialism controlling government spending
18. Shadow Banking: The Derivatives Bomb: $650 trillion high risk casino relative to total GDPof all nations at $50 trillion
19. Dysfunctional Two-Party Political Bomb: Increased partisanship
20. The Coming Populous Rebellion Bombs: nobody trusts anyone in authority
Monday, February 15, 2010
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