Yes, every person in America has a $45,300 liability which does not appear on their personal balance sheet. Overall, this equates to a $14 Trillion deficit of the United States. If you included the unfunded liabilities you could easily triple that number. Is this why this little girl is so disturbed:
The politicians have mortgaged her future by creating a world of entitlement in order to perpetuate their own agendas. Lust is the benefit of “self” at the expense of others. This country is experiencing a slow train wreck and everyone is in denial. Asset prices are propped up by ramped up government spending taking up the slack for the reduction of consumer spending. Unemployment is high and drug use is even higher. The Mexican drug cartels have recently expanded their terror to Acapulco and surely more tourist destinations will be affected. How can we stop them? Quit buying their product. I would dare say that every extended family in America has at least one member with a drug problem.
Europe’s debt crisis has been on the front pages in recent days as though the U.S. debt problem is resolved. Not! The States budgets are in a mess and they will soon have to start making interest payments on their borrowings from the U.S. Treasury (who created money out of thin air). Doncha luv it!
Chinese President Hu Jintao has said the international currency system dominated by the US dollar is a "product of the past". The Chinese are methodically working on a means to ultimately disconnect from the U.S. Dollar denominated trade deals. Right now, the U.S. Dollar is the best looking currency of the “ugly” sisters. At some point, I believe everyone will suddenly wake up and conclude that a gold backed medium of exchange is the answer. If that happens, the gold peg will surely be notably higher than the exchange rates today.
It just keeps getting more complicated! I think she is possibly sensing the problem:
