The end result, as many of our readers know, is not going to be pretty. At the rate we’re going, with baby-boomers preparing to retire and set to depend on entitlements promised to them by the government, debt-to-GDP soaring above 500%, and middle class wages losing the battle against price stability, all of this will come to a head in the very near future. As the documentary suggests, there are only two ways out: 1) Default by failing to pay 2) Default by inflation.
We’d like to be positive, but unfortunately, there is no good news to be had about our national debt. Most people have no idea what lies ahead. Sometime during this decade, likely by 2015, a U.S. sovereign debt crisis will be in full swing. That doesn’t leave a whole lot of time to prepare.
Micro documentary: The National Debt Crisis
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