It doesn’t take a genius to figure out that we are living in the greatest debt bubble in the history of the world and that at some point the world financial system is going to crash (this is not a typo, I mean the world). The world financial system is a house of cards. There is no longer a question of IF it will happen but only WHEN and HOW. Unfortunately, 99.99% of the world lives in blissful ignorance of this reality.
How many people know that the Economic and Military Superpower of USA is completely broke already? Have you ever heard of Slums in USA? How many know that USA’s future liabilities are about $200 Trillions – which is three times the world’s GDP? Do you know in year 2010 State of Arizona has sold its Capitol building, Supreme Court and some other buildings to investors to raise cash for the budget?... Read on…
The US jobless rate hit 9.8% recently. Two years back when situation was better, Ohio school had received 700 applications for one janitorial position….Few weeks back, the Delta Airlines received 100,000 applications for 1,000 flight attendant jobs. Hundreds of people were in line from mid-night to get help on their electricity bill…42 Million Americans ( 1 in 8 ) are already on Food Stamps…Have you ever heard of Slums in America? In third-world countries they are called slums…but here in America they are called “Tent cities”…Watch this Video and this and this….and here is a report about the US Military preparing for a ‘Large Scale Economic Breakdown’ and ‘Civil Unrest’
This is just the tip of an iceberg. The US is now in a Catch 22 situation, with no easy way out. Financially, the US is on a road of no return. It is very clear that all options will lead to more misery while the economists are fooling people to believe “happy days are here again”.
The fact is: “We’re in the terminal stages of the world’s most gigantic pyramid scheme” set to vaporize the assets of an average citizen in a dramatic event of just few days…“The US Economy is A Giant Ponzi Scheme”…By every passing day we are moving closer to the top of this ponzy scheme pyramid. The entire western world has dug itself in the biggest black hole of the history called Debt. Most of the western world is totally bankrupt (Uncle Sam is the leader). Fools are those who believe the solution to Debt is more of the same. They are doing this for about 100 years now (US Federal Reserve was formed in 1914). It may continue for few more. But there is going be a day when the bill will arrive on the silver platter at the table that the US citizens are sitting at. The prosperity that US saw for 30 years was just a smokescreen…the reality is yet to dawn.
Will USA collapse or will it default on its Debt – Is there a third option left before the USA? Will it be 2011 or 2012 or…2020?
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Let’s get real. The US is bankrupt. Neither spending more nor taxing less will help this country to pay its bills. “The U.S. is bankrupt and we Don’t even know it”
The steady erosion in the value of the US dollars and the crushing weight of US national debt have already moved this country on the verge of a financial chaos. Columbia University Prof. Robert Mundell says “we’ve never been in this unstable position in the entire currency history of 3,000 years”. A massive, catastrophic dumping of the devaluing US dollar looms large like a dagger over the US head. Unmistakable warning signs point to a monetary crisis on the verge of spinning wildly out of control, leading to massive inflation and possibly, a sudden and catastrophic dollar collapse that will change this nation forever.
Another side of the story is the bankrupt states and cities of America. In year 2010 Arizona state has sold its Capitol building, Supreme Court and some other buildings to investors to raise cash for the budget? Cant’ believe? Read here. The overdrawn American cities could face financial collapse as soon as in 2011. More than 100 American cities could go bust next year as the debt crisis that has taken down banks and countries threatens next to spark a municipal meltdown. New Jersey governor says: “We spent too much on everything. We spent money we didn’t have. We borrowed money just crazily. The credit card’s maxed out, and it’s over. We now have to get to the business of climbing out of the hole. We’ve been digging it for a decade or more. We’ve got to climb now, and a climb is harder.”
The former New York Times correspondent in a recent article says “America’s military and economic empire could collapse at any time, but predicting the precise day, week or month of its potential demise is unattainable.” How sudden a collapse can be? In 1989 it was predicted in a Russian meeting that the travel across the Berlin Wall separating east from west Germany would open within a year. What really happened? “Within a few hours, the wall didn’t exist”
Can’t believe America’s military and economic empire could collapse any time? Watch this video Glenn Beck warning of Food Riots, Martial Law & Gun Confiscations in America. Yes, I am taking about Food Riots and Martial Law in the superpower called America.
The foolish middle class of America believes everything is going to be fine. They believe “it can’t happen to us because it hasn’t happened to us”. Every superpower of the world has gone down with the same arrogance (or should I call ignorance).
The end result is really unpredictable, but based on the continuing cycle of economic destruction; we can take an educated guess. The final outcome, as to whether USA goes into a controlled collapse or a complete, all-out economic Armageddon where the entire world suffers with the leader (Uncle Sam), will be determined sometime in the next decade. Prepare yourself mentally, financially, physically and spiritually. We are entering an economic, social and political climate unlike anything we have ever seen in our lifetimes.
Gold is playing with $1400. In future we shall see Gold-rollercoaster up-and-down by $100-$200 dollars in a day. Today people can buy Gold in grams and silver in Kilograms. There will be a time when there will be a rush to buy…..guess what? – Gold in milligrams and Silver in Grams.
Keep eye on unfolding storm in Europe in coming years, multiply it with 10 times to know what is coming at America….There would be a time when bringing food on the table will be more important than keeping gifts under the Christmas tree...I wish not…but who knows US citizens may be hitting the bread lines some day.
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