You may not have watched my video seminar, "Retirement Armageddon." It's here.
Let me explain why you should.
In fiscal 2010, the Federal debt will increase by an estimated $1.5 trillion, give or take $100 billion.
Have you estimated your share yet? Probably not.
Divide $1.5 trillion by 300 million Americans. The figure is $5,000.
Every American resident, from oldsters to infants, just got hit with an extra $5,000 tab. This is on top of what he already owes. What does he already owe? Something in the range of $300,000: a $90 trillion total debt divided by 300 million.
It will happen again next year. And the next.
The forecast is gloomy and bleak says Gary North:
"Most people have heard some of the bad news. They have not heard it without the sugar coating. The reality is grim. How grim? Watch the video."
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