Et in avaritia fictis verbis de vobis negotiabuntur, quibus iudicium iam olim non cessat, et perditio eorum non dormitat. (2 Peter 2:3)
According to the Telegraph, Richard Fisher, President of the Dallas Federal Reserve Bank, said that the United States is in the hole for $99 trillion due to careless spending by the political class.
Fisher's remarks came after he was repeatedly grilled by China over printing money to allow the US government to pay its bills.
The astonishing figure of $99 Trillion includes unfunded or underfunded pensions as well as projected liabilities for health care and prescription drug coverages provided by the US government through Medicare and Medicaid.
Fisher's warning comes amid growing fears that America could lose its AAA sovereign rating.
Let us hope the American financial system will not fall apart.
"Quia dicis quod dives sum et locupletatus et nullius egeo, et nescis quia tu es miser et miserabilis et pauper et caecus et nudus, suadeo tibi emere a me aurum ignitum probatum, ut locuples fias et vestimentis albis induaris, et non appareat confusio nuditatis tuae, et collyrio inungue oculos tuos, ut videas", Revelation 3:17 - 18.
2 comments:
Det är bättre att ha ett system där man inte skapar pengar ur skuld. Systemet är sjukt.
Hej Helena!
Ja, det verkar vara rätt allvarligt.
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