Quote:
Originally Posted by toeser
I don't have any old ones to add, but I have a future one. Our national debt, which is screaming higher, will precipitate a future black swan of massive proportions. Anyone who understands compounding and can work an Excel spreadsheet can easily see that we are heading into a financial no-man's-land. It qualifies as a black swan because absolutely no one can accurately predict the timing of the event or the exact nature of how it plays out, even though some of us expect it. The idea that our Fed can create money out of thin air with no limit will be proven to be wrong.
It's going to happen. My wish is that it occurs after my time.
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I totally agree with the above post. This will ultimately be the undoing of the USA as a great nation. Fiscal responsibility by our Government (both parties) is a distant memory.