**
Or -- Why little Johnny will be Taxed to Death 10 - 20 years from Now to Pay Back Today's Medicare, Medicaid, Stimulus & War Expenses !
"Enron Accounting" Has Bankrupted America: U.S. Deficit Really $202 Trillion, Kotlikoff Says"
[ that equals about 15 years of U.S. GDP = an Eternity, economically speaking ! ]
Published Aug 23, 2010
http://finance.yahoo.com/tech-ticker/%22enron-accounting%22-has-bankrupted-america-u.s.-deficit-really-202-trillion-kotlikoff-says-535354.html?tickers=udn,tlt,tbt,uup,TIP,^gspc,GLD&sec=topStories&pos=9&asset=&ccode=
http://www.kotlikoff.net
Contact Laurence Kotlikoff at: kotlikoff@bu.edu
http://www.bloomberg.com/news/2010-08-11/u-s-is-bankrupt-and-we-don-t-even-know-commentary-by-laurence-kotlikoff.html
Compare & contrast the news above with the historical entries in this blog you are reading now.
Of course, our children and grandchildren can always renege on their parents' and grandparents' debt -- especially in the case of our debt held by gullible foreign investors in U.S. Treasury obligations. Thus, for different reasons -- "Take this U.S. debt and shove it!" -- will be the rallying cry on both sides of the Pacific Ocean.
In short -- "Sovereign Immunity" means never having to say you're sorry for reneging on your national debt. Ahhhhhh !! -- the good Life !!
----------
Posted by:
David A. Palella
Founder
DEKADRAKMA INVESTMENTS(SM) & BioScience Ventures Inc. & Carbon Manna Unlimited
San Diego, California
cell: 619-787-5767
email: dpalella@san.rr.com
email (backup): dpalella@gmail.com
http://www.linkedin.com/in/davidpalella
http://dekadrakma.blogspot.com
http://www.BSVpartners.com
http://www.carbonmanna.org
Asia Business & Finance Roundup
http://www.linkedin.com/e/vgh/3132759/
Japan Biotech/Biopharma Partnering Forum
http://www.linkedin.com/e/vgh/2857975/
--------------
DekaDrakma Investments(R) specializes in long-range economic forecasting and scenario planning to ensure multi-generational preservation of wealth. The increasing frequency of Black Swan events worldwide requires creative investment strategies focused on hard assets that are proven stores of value for centuries. Global warming, theological wars, currency debasement and resource scarcity will reduce global standards of living. To preserve your family's wealth for Dekades, consult with us today.
Subscribe to:
Posts (Atom)