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Obama just told Congress that our country needs the debt ceiling raised by another $1.2 trillion to $16.394 trillion.

It’s honestly amazing that we stack on a trillion here and a trillion there like it’s nothing. It’s hard to fathom really. So check out this chart and you will see that our debt is going parabolic! Click on the chart to enlarge it.

My economist friend Bob Wiedemer says that when we our debts are around $20-$25 trillion that we won’t even be able to service our debts as a nation. In other words, we won’t even be able to afford to pay the interest!

When this happens the government will have to make some enormous changes just like Greece is making today. If you want to know how bad it can get…just ask them. Literally, they’re giving their kids away because they can’t afford to feed them and they also can’t get their hands upon the medicines they need either.

Think I’m exaggerating or trying to stike fear into the hearts of my readers, then check out the proof for yourself at the link below. It’s one of the saddest stories I’ve read in a while. If you’re a parent, it will tug at your heart:

I’d say it’s a sobering wake-up call for our nation! This is what could happen in America if our country continues to increase their debts like a crazed spender that keeps “upping” their credit card limit. Eventually, there’s a day of reckoning…and that day is not as far off as most of us think. It could happen within the next 5-10 years depending upon how quickly our government burns through money.

When all of this happens, it’s not going to be good for our dollar. It’s going to ruin our purchasing power even further. That’s why its imperative to learn about trading/investing in currencies. You’re going to need a mechanism to take advantage of the fall-out in the dollar so that your wealth doesn’t take a hit like every other American’s will.

Sean Hyman
My E-Book
Editor, Currency Cross Trader

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