Let us hope that the United States never is part of a global currency, because that would be the end of our national sovereignty.
But one thing is for sure – the world will never be the same after this debt crisis plays out.
Enjoy the prosperity of today while you can, because there is no way that it can last.
A massive financial collapse is coming, and it is going to shake the entire globe.
Sadly, most people simply do not care about the debt bomb that is hanging over the nations of the world, and the coming crisis is going to devastate their lives without any warning.
How much debt needs to be rolled over in 2012??
List from Bloomberg
Country 2012 Bond, Bill Redemptions ($) Coupon Payments Japan 3,000 billion 117 billion U.S. 2,783 billion 212 billion Italy 428 billion 72 billion France 367 billion 54 billion Germany 285 billion 45 billion Canada 221 billion 14 billion Brazil 169 billion 31 billion U.K. 165 billion 67 billion China 121 billion 41 billion India 57 billion 39 billion Russia 13 billion 9 billion
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Schiff’s ability to make anologies in simple terms is highly appreciated by people like myself who understand the simpler the better!!! Thank you, Man of the Hour!!!
China is there- The lender has complete control over the borrower.
Sooner or later they want their money- no strings
attached…. It’s time to pay the piper!!