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getrichdietrying (83.63)

Is USA broke?



February 02, 2011 – Comments (4) | RELATED TICKERS: BAC , CIT , LYG

I really truly believe when states start looking for options to file BK when they are considered "soverign"
 then it's a moot point that the United States (Federal) & individiual States can afford to keep spending and not start paying off debt. It can not go on forever. Debts have to be paid or US ends up like a thirld world country. We are aleready falling behind. Where is that currency that has a trillion dollar bill (literelly). I am not happy with republicans for this and neither the democrats who cant do s*** even when they are in power. I do believe there is a bubble coming in about decade or 2, it will probably take only the wind out of China's growth bubble to blow it down and we will be in the worse recession since well ever.  Please advise as to how  can we invest so that catastrophie that is coming we can stand individually on our feet with our investments. Because I believe what is the value of a government bond when the government does not oblige by it because it can't not because we don't want to.

4 Comments – Post Your Own

#1) On February 02, 2011 at 12:16 AM, getrichdietrying (83.63) wrote:

I meant stock ticker "C" but it does not really matter when it's "too big to fail," yeah right ask the Roman Empire and "The Great British Kingdom" colonies.

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#2) On February 02, 2011 at 8:26 AM, brizzlekizzle (39.32) wrote:

We are not! 14 trillion dollars in debt and money spent way beyond what is taken in is not our problem, its the governments problem, so let them handle it. I say put wealth in hard assets and pay them in these silly dollars they love so much, since they are going to destroy that form of wealth in the near future regardless of your personal action. Personally, many people here are broke, but I am not, many people I know am not, and until everyone in this country is broke, the US is not broke

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#3) On February 02, 2011 at 11:47 PM, getrichdietrying (83.63) wrote:


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#4) On May 17, 2012 at 8:53 PM, getrichdietrying (83.63) wrote:

how about now?

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