MONEY: Dollar is in big trouble

Saturday, August 22, 2009

http://www.lewrockwell.com/lilley/floy10.1.html

Sound Money: The Impossible Dream?
by Floy Lilley

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Debt: The US must borrow 46 cents for every dollar spent this year. Outstanding public debt as of 18 August is $11,704,322,903, 918. An estimated population of the United States is 307,209,243, so each citizen’s share of this debt is $38,127. The debt-to-GDP ratio is 82%. This debt will grow by a trillion dollars a year. The debt has to be rolled over every four years. That’s $240 billion a month to be skimmed off capital markets. The four largest budget items are wars, social security, Medicare/Medicaid, and interest on the debt.

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How does the Republic get out of the mess that the congresscritters have created?

Inflation? Repudiation? What Chapter applies to the nation?

It’s clear we can’t meet our commitments. So what, or rather who, gets thrown under the bus?

Clearly the Chinese, and any one holding our debt. Senior citizens, pensioners, the sick and elderly.

Social security goes broke. What does that look like?

Argh!

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SURVIVAL: Take zero chances. Ever?

Saturday, August 22, 2009

http://www.stltoday.com/stltoday/news/stories.nsf/stcharles/story/3B58782910E1622186257618000D05B1?OpenDocument

Boy, 9, killed rescuing duck from the road
By Joel Currier
ST. LOUIS POST-DISPATCH
08/20/2009

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ST. CHARLES COUNTY — Danny Bampton’s compassion for animals cost him his life.

Investigators say the 9-year-old St. Charles County boy was riding with his mother on Highway P near a relative’s house Wednesday afternoon when he saw an injured duck in the road and asked her whether he could save it. After she pulled the car over, Danny hopped out and put the duck in a roadside culvert on the south side of the highway.

But when he tried to cross back over the rural, two-lane road to his family’s car, Danny was struck by a westbound Subaru Legacy driven by Alayna R. Hitz, 18, of Wentzville.

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Wow, what a tragedy for ALL involved.

I bet Mom is going to rethink that decision for a long time.

Accidents happen.

But, someone always wins the lotto.

Maybe, there’s a lesson there. But I’m having a hard time seeing it.

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