This report for subscribers goes hand-in-hand with this Rolling Stone article by Matt Taibbi. These are your "must read" articles of the weekend.
Together, they point out the urgency of our current situation and that the continuation of the status quo behaviors of protecting the banking profits of well-connected insiders and continuing to be less than forthright with ourselves (Fuzzy Numbers) are rapidly diminishing the prospects for a gentle and favorable outcome.
- US federal deficits reported to be $9.3 trillion
over the next decade
Fuzzy Accounting means these deficits are
actually vastly under reported
Actual deficits closer to $6 trillion per year,
or $60 trillion over the next decade
Deficits defined and explained
Risk of a dollar collapse only increasing
You need to step up your personal efforts at
mitigating the potential impacts of a US currency crisis
The Congressional Budget Office just announced that the
fiscal deficits of the federal government are going to be a lot larger
than previously estimated. This news was taken in stride by the financial
markets, especially the FOREX markets where the dollar is traded, but it will
only be a matter of time before these massive deficits are recognized for what
they are - signs of terminal illness for the financial prospects of the US, and,
by extension, the dollar itself.
It is vital that you understand the true extent of the
illness, and the ways in which we systematically sugar-coat and under report the
true magnitude of the situation by the use of Fuzzy Numbers - in this case, more
accurately described as Fuzzy Accounting.
this report I will explain how to interpret the reported deficit, demonstrate
the actual size of the rue deficit, and then make the case that you should
seriously consider stepping up your personal efforts at preparing for an
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