US debt; retirement pains

[sv2007]

I watched a movie yesterday Frontline's 10 trillion and counting about our national debt. It was made in 2009 but contains the following screenshot I took. It's the debt projection from government's budget office OMB. The projection is close to where we are now; see other screenshot I took on the debt clock.

The movie mentions a few looming issues, mostly based on the projection of debt.One concern is possible large tax increases during my lifetime. It's like a thriller and a good watch

http://www.pbs.org/video/1099844054/

[rennigade]

Sigh...not another national debt thread.

[sv2007]

One of the things I like to do is watch events analysis made years ago where it's easy to compare author's views/predictions since it's in the past. Most of what I read/watch is more personal in nature dealing with stock analysis, but the national debt is something that everybody is interested in so I post.

The video talks of what might happen based on projections. Those projects were correct, so let's see if the "might happen" parts works. A few have already worked out.

This has long-term retirement consequences.

[rennigade]

tl;dr

[97guns]

my retirement is built upon the premise that the US debt increases astronomically, the dollar declines and we see massive inflation. every contry has massive debt, it is a global epidemic and there is no way out, taking on more debt to keep things moving is THE only option

i like too keep up on world economics and i see many countries in europe and south america experiencing hyperinflation, in turn this causes food shortages, rationing and rioting

several countries have gone to negative interest rates and have huge banking problems. you can turn your back and ignore these signs or take some action so your not rioting like they are in argentina and brazil

[sv2007]

Once hyper inflation kicks in, you will be the only safe one here based on your investments.
I'd be going back to work full time for sure.
But will that happen? It's really hard to say; would the government just but programs and limit borrowing?
Will know in 25 years; unfortunately I'll be at retirement age by then and may have a hard time finding a job : (
Should keep tabs on the situation and try to balance investments accordingly.