Comment: Seriously, I hope that everyone realizes that we have a world of

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Seriously, I hope that everyone realizes that we have a world of

hurt coming no matter what we do at this point.

First of all - for those waiting for interest rates to go up, forget it. It is never going to happen because it can't.

We already owe $16 trillion. Interest of even 1% on that is $160 billion per year. If interest even goes to 3% its $480 billion per year. We only take in about $800 billion in taxes. At 3% interest more than HALF of all money coming into the US government will be going for interest. And it gets worse.

Obama added $5 trillion to the national debt in his first four years. If he does that again we are $21 trillion in debt. 3% on that is $630 billion - that will leave us only $170 billion for everything else without borrowing MORE. And thats not even enough to support the military for 3 months at current rates much less ANYTHING ELSE.

The other choice is to just keep printing. And if we do that eventually corporation and banks will not be simply sitting on the money - it will get into the economy. And then hyperiflation will occur.

There is NOTHING to stop one of these scenarios from occuring.