Our country is screwed. Fed Reserve prints money to bailout the banks (buying 45 billion in mortgage backed securities a month plus another 40 billion of unsold US T bills). Immediate debt of 17 trillion (about equal to US annual GDP) plus another 70 to 100 trillion in unfunded liabilities (Soc Sec, Medicare, gov pensions, insurance for private pensions, insurance for savings accounts) plus another 100 trillion in guarantees to Fed Reserves who had guaranteed loans to foreign banks/offshore activities of US banks to avoid their collapses that can spread back to the US. How are we going to pay back 17 trillion plus 100 trillion plus another 100 trillion. The entire annual GDP of the globe is about 70 trillion. No nation in history ever compiled this amount of debt and debt obligations.
Rush got the jiff of it, the US is screwed. Question now is how are you going to take care of your immediate family when the system inflates or defaults.
The USA under Obama’s rule = Rome II complete with extreme moral decay, corruption, blackmail payoff to terrorist hordes, and rampant homosexuality. Now all we have to do is wait for Brutus and Nero to show up.