Halloween is fast approaching, but this Halloween is unlike any we have seen in the last 60 years. Ya see, in about a week or so two divergent economic lines, which in healthy vibrant societies have no business keeping company with each other, will intersect. Of course after that, they go their separate ways again, with us the poorer for it:
Yes, ladies and gentlemen: All Hallows E’en will be doubly scary this year: for the first time since World War II, US debt will officially surpass GDP on Halloween 2011.
Double clicking that chart will enhance it, making it more readable, if you are really a masochist. Notice that the chart starts at about the time Obama took the helm. Not only are these lines glaring, but notice those black lines, how quickly they drop, and consistently quarter after quarter.
And what do we have to look forward once they decide they have had enough of each others company?
I’ve done posts like this before, not that we can really do anything about it or prepare better for it (except maybe build that bomb shelter and stock it with supplies, guns and ammo paramount), we all know its coming, all we can do is flinch.