If it doesn't I will

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Uh yes. The US GDP to debt ratio is something stupid like 120-150% once you factor in long term commitments like social security etc only no one in the markets has quite realised this. At some point though someone will and the US will be like Greece, in fact worse than Greece.<br />
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It will take the US decades to recover, if it ever does, all governement spending will be slashed and taxes will go up massively.

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Of course it's going to get worse. Look up Gerald Celente's predictions for 2012. He's fairly credible and I don't think he's too far off.

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I think it will rise and fall and rise and fall, it's just a matter of time

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