$60 Trillion of Private Networth : US debt ? What's the problem ?!

Basically the gist of the story :
$60 Trillion of Private Networth : US debt ? What's the problem ?!

However applying a heavy liberal dose of Elliot wave, Networth of Households and Nonprofit org has peaked at about $65 Trillion around 2008.

And as has rebounded from a recent low of $50Trillion to about $60Trillion.
Mirroring the rise and fall of the equity market but looks more like a gold chart instead.

From here on out :
Wave B will topped out for a Wave C decline to at least $40Trillion the previous 4th wave.

Which is still above US govt debt. And as the author imply to save the Nation, then we will quit equities and fund our Nation's debt ourselves.

http://www.businessinsider.com/chart-of-the-day-balance-sheet-of-households-and-non-profits-2011-8?utm_source=Triggermail&utm_medium=email&utm_term=Money%20Game%20Chart%20Of%20The%20Day&utm_campaign=Moneygame_COTD_081711