Thursday, October 26, 2017

Are China And Russia Better Off Than US ???

That's what Professor Laurence Kotlikoff thinks:

America’s 2017 fiscal gap will come in near $6 trillion, nine times higher than the $666 billion deficit announced by the US Department of the Treasury last week, says Laurence Kotlikoff, an economics professor at Boston University.

“Our country is broke,” says Kotlikoff, who estimates total US government debts at more than $200 trillion, when unfunded liabilities are included. “We are in worse shape than Russia, China or any developed nation.”

Worse, says Kotlikoff, who has testified before Congress, government officials are well-aware that many of America’s debts and accruing liabilities are being written off the books.

However, for the most part, they are keeping their mouths shut.

You can read the rest @
https://www.sprottmoney.com/Blog/kotlikoff-america-in-worse-financial-shape-than-russia-or-china-peter-diekmeyer.html

I agree. We are in a BIG mess, and no one knows how to get us out of it.

And war is not the answer, even if its goal is to steal the rest of the world's wealth. I doubt we could win such a war, and even if we did I doubt the actual "spoils" would amount to much.

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