Confused about the US deficit and economy?

This single video explains the situation better than anything I read in a long time. Jim Rogers NAILS it!

Someone put this guy in charge, he's one of the few making sense and not just repeating political slogans...

Surely the easy answer is it is screwed?

Originally posted by michael1983l
Surely the easy answer is it is screwed?

Basically

But he analyzes the situation in depth and also offers some ways out. I love this guy's direct and honest approach to explaining things. The funny thing is, a lot of the things he says is covered in "economics 101"...I guess the people in power forgot that lesson

MrXYZ should listen to Jim Rogers a lot more.