Marc Faber : ...well very clearly compared to say ten , twelve years ago the financial condition of the US has deteriorated because A the medium household have lost money and B the real income are down for the majority of people in other words the medium household income is down and the debt level and as I just mentioned the unfunded liabilities are up very substantially - in a Slovak Radio interview
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That statement is so very right. Their was a budget surplus ten years ago today the federal budget shortfall of the US is one in a half trillion dollars.
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