TSXV:SLX.P - Post by User
Comment by
farshooteron Jan 04, 2011 6:01pm
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Post# 17924559
RE: RE: I guess some one should remind
RE: RE: I guess some one should remindOr that the US debt is measured in $$10's of $$TRILLIONS now!!
Not $$Billions, not $$Trillions...$10's of $Trillions.
If we were to include the unfunded entitlement programs such as social security, medicare, etc., America's national debt would be measured not in the $10s of trillions but in the $100s of trillions, not to mention corporate or private debt.
Hey, that's what our fractional-reserve banking system begets . . . insurmountable debt.