Saturday, March 21, 2009
- 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.
In this report I will explain how to interpret the reported deficit, demonstrate the actual size of the true deficit, and then make the case that you should seriously consider stepping up your personal efforts at preparing for an uncertain future.