[Hoot Gibson]

Hey guys...there's a commercial on TV right now about a company that predicted the 2007-2008 bailouts and a few more big economic disasters and what-have-you, the commercial is telling people to go to http://www.endofamerica2011.com to watch a video about the next huge economic disaster in this country. I think the name of that site is pretty stupid, but the video shows some valid points about how the U.S. debt and how if the dollar goes down, we all go down.

I'm curious as to what some of you think about this video and what could/will happen, and I don't know all that much about economics so I don't know whether to take this with a grain of salt or not. I'm really curious as to what you think about it Hoot because I know you know your ****.

This is the link to the site, it's the same page as the "endofamerica" URL, but I don't like that link. Here it is:

http://www.stansberryresearch.com/pro/10...PSIM300/PR

As most of you know, I'm about as American as it gets, but this guy has some valid points. The video is a bit long, and if you'd rather read all that then all you have to do is try to exit the link and then click "Cancel" when the prompt pops up trying to keep you on the page. I think it's worth the time to read or listen to the video.

Also, if any of you want to make this into a thread, be my guest. I'm back to work now so I've been pretty busy, don't have time to start a thread about it right now.

Very interesting link. I have not listened to the entire presentation yet and I am skeptical about the predicted 12-month timeframe - but I agree that current state and federal government policies are destroying our financial security. I do not understand why so many Americans simply do not believe that hyperinflation could ever happen here. I do not understand how it could not happen here if the size of our budget deficits continue to climb at an ever increasing rate.

What our government is doing (federal and most states) is the equivalent of spending money at will using credit cards and continuously ordering new credit cards to pay our debt. There will come a time when nobody will issue us any new credit cards and that is when our dollars will become worthless.