-- Published: Tuesday, 23 August 2016 | Print | Disqus
Highlights
The USA is "Flat broke," which is why central bankers are printing record amounts of currency, according to economist Dr. Laurence Kotlikoff.
His work indicates that the actual national debt is 12 times the annual GDP, $199 trillion.
The professor likens entitlement programs to a Ponzi scheme - policymakers are taking from one generation and sending it to another.
He's published a free 157 page book, available online that outlines how the national economic catastrophe could still be averted.
Dr. Kotlikoff outlines creative methods to overhaul the Social Security system and a responsible tax system.
His plan includes raising the Federal Funds benchmark rates to improve savings for retirees and curb inflation.
During a similar period, gold / silver soared several fold in price from 1977-1980.
The professor worked with a think-tank in tandem with Russia, gaining strategic insights into one of the top military powerhouses and a BRICS nation.
Disputes between the US and China regarding inconsequential islands could escalate without adequate leadership.
The USA is "Flat broke," which is why central bankers are printing record amounts of currency, according to economist Dr. Laurence Kotlikoff, author of the Inform Act (please click to sign, supported by 17 Nobel Laureates). His work indicates that the actual national debt is 12 times the annual GDP, $199 trillion. The professor likens entitlement programs to a Ponzi scheme - policymakers are taking from one generation and sending it to another, causing severe societal distress. He's published a free 157 page book, available online that outlines how the national economic catastrophe could still be averted (the host / goldseek.com are politically neutral). Dr. Kotlikoff outlines creative methods to overhaul the Social Security system and a responsible tax system, to make the US the most tax friendly business environment in the world. The ambitious goal includes attracting global funds, pulling the USA out of a 4 decade financial morass and restoring domestic economic hegemony. His plan includes raising the Federal Funds benchmark rates to improve savings for retirees and curb inflation. During a similar period, gold / silver soared several fold in price from 1977-1980. The professor worked with a think-tank in tandem with Russia, gaining strategic insights into one of the top military powerhouses and a BRICS nation. Disputes between the US and China regarding inconsequential islands could escalate without adequate leadership.
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