We Are Doomed

As we have been saying....the Federal Government is barely able to make it's interest payments on all it's debt now...and that's with interest rates at a low rate....what happens when they double, triple or quadruple....or go to 35%?

Listen closely to what this economist is saying as he is repeating, verbatim, what we have been saying all along...but then listen/read what he says will happen when the gig is close to being up;

The only way out is for the government to print more dollars. Of course, that leads to inflation and a weak dollar. And, even worse, he says, "to distract the attention of ordinary people you go to war.

"To put it bluntly, Faber says, "we are doomed."

http://finance.yahoo.com/tech-ticker/fed%27s-record-profit-does-not-change-anything.-us-still-%22doomed%22-says-marc-faber-402728.html?tickers=spy,dia,qqqq,tlt,tbt,udn,uup

Lord, please forgive us for squandering the blessings that you have bestowed on this great nation.

Hat tip to Mike S.