We Owe $220 Trillion – How Long Can The Fantasy Continue?
October 6, 2013
With the ongoing US government shutdown, today 40-year veteran, Robert Fitzwilson, states that we owe “$220 trillion,” and asks the all important question, how long can the “fantasy” continue. He now believes we are getting very close to kissing the fantasy goodbye. Fitzwilson, who is founder of The Portola Group, put together another tremendous piece below for KWN readers around the world.
By Robert Fitzwilson of The Portola Group
October 6 (King World News) – “We Owe $220 Trillion, How Long Can The Fantasy Continue?”
The conflict in Washington, D.C. Is not about politics. It is about mathematics. We have finally come to the end of the road of over-promising and under-delivering. While not unique to the United States, it is particularly problematic given the dollar’s reserve currency status….