U.S. Is Bankrupt and We Don't Even Know It: Laurence Kotlikoff

Hardly. The market's know it. The US has been using currency debasement through the use of the printing press for years. Technically speaking, the US has been in on-going default since the London gold pool lost control of gold in 1968 and bonds began their journey as certificates of confiscation.

Let’s get real. The U.S. is bankrupt. Neither spending more nor taxing less will help the country pay its bills.

Source: bloomberg.com

From Bob