From Zerohedge.
...And even if we did wake up today, the damage is already done. The US total debt (federal, state, local, consumer, business) now comes to nearly $1 million per family of four. And that’s not counting a similar amount for unfunded Medicare benefits and who knows how much in derivatives liabilities. So a painless fix is no longer possible. Our choices have narrowed to only two: a crash that will dwarf the Great Depression or a hyperinflation that wipes out a whole generation’s savings...
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