
First, a warning: Accept the US governments own financial statistics at your own risk. Federal debt, unemployment and CPI, just to name a few, bear no resemblance to reality. The federal debt, as proclaimed by the US government is stated to be $13.8 trillion but just subjecting federal government numbers to Generally Accepted Accounting Principles (GAAP) shows a true debt, if accounted for properly, of $71 trillion as of 2009. In 2009 the US GDP was $14.26 trillion. Therefore, the debt to GDP ratio of the US is 497.89%. Hungary's 2009 GDP was $128.96 billion and their national debt was $93.36 billion for a debt to GDP ratio of 72.4%. That doesn't look so good for the US. How about the budget deficit as a percentage of GDP? Hungary posted a budget deficit of 4% in 2009. Meanwhile, when accounted by GAAP standards, as calculated by Shadowstats.com, the total deficit in 2009 was $4.3 trillion. Compared to a GDP of $14.26 trillion the 2009 budget deficit as a percentage of GDP was 30.15%. Considering that Hungary was downgraded today by Moody's to Baa1, close to a "junk" rating, and the US' debt to GDP ratio is five times worse than Hungary's and the US budget deficit as a percentage of GDP is more than 7 times worse, those with retirement savings in the US should quite easily see the writing on the wall. Gold made an all-time high of $1423.40 today, also clearly showing the writing is on the wall for the entire US dollar based financial system Keeping retirement funds inside <b>...</b>
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