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The real news is the debt clock, not the tax plan or the sex scandals

Posted by John T. Reed on

They completed refurbishing the Times Square National Debt Clock yesterday. You can also see it on line where it never left. It changes in real time like a runaway train 24/7.
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http://www.usdebtclock.org/
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Click on it to see the moving numbers. I say the most important number is the debt-to-GDP ratio. If it is above 60%, you cannot join the EU. We don’t want to join the EU, but it is telling that at 106% we would have no hope of being approved. A couple of bench marks: It was 17% when FDR took office, 31% when Reagan took office. We were the #1 creditor nation then. We are the number #1 debtor nation now. Hyperinflation is worse than Depression because in a depression, money is hard to come by. In a hyperinflation, money with any purchasing power is impossible to come by; illegal, actually, although not officially admitted as such.
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This is more important that all the trivia in the news including the Republican tax plan. The politicians will not fix it. Consequently, the US will trip over into hyperinflation at some point. My book tells you the fairly simple, low-risk, low cost ways to protect yourself. If you fail to do those things, your dollar denominated assets will become worthless. If you take the steps, you will generally escape that financial devastation.
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https://www.johntreed.com/…/john-t-reed-s-book-on-hyperinfl…

This will not be an inheritance for future generations. It is a time bomb. It will explode in the future and that will profoundly affect and scar the generations you speak of—maybe us Baby Boomers, too. The first sentence of my book is that it could happen tomorrow.
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I have a web article titled “The Day the Dollar Dies.” Someone ought to turn it into a made-for-TV movie. Some readers from Eastern Europe, where this happened in the aftermath of the collapse of the Soviet Union, told me what I described is exactly what happened in their country.
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For the longer-term possibilities, look at Germany, Austria, and Hungary after their early 1920s hyperinflation which ended in 1922. Better yet, read the diary of Anna Eisenmenger who lived in Vienna during the hyperinflation. That diary is more cinematic than Anne Frank’s diary. And maybe scarier. The diary called Blockade is available for free online.
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https://www.johntreed.com/.../john-t-reed-s-book-on...
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https://www.johntreed.com/.../65672771-the-day-the-dollar...
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https://archive.org/.../Blockade...

US National Debt Clock : Real Time U.S. National Debt Clock
USDEBTCLOCK.ORG

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