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GD 2 UPDATE

Quick but important point. Everyone…especially those on CNBC and the so-called expert economists (an oxymoron if I’ve ever heard one)…are saying that we cannot have another Depression because “this time” we saved the ban ...

Posted On January 21, 20092 MIN Read
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Quick but important point. Everyone…especially those on CNBC and the so-called expert economists (an oxymoron if I’ve ever heard one)…are saying that we cannot have another Depression because “this time” we saved the banking system, which will prevent another Depression from taking place.

Here’s the BIG problem with their argument…

 

We are adding trillions of dollars in bad debt to our nations already bankrupt balance sheet by assuming all of the banks bad debts. This increased debt level is quickly making the US an insolvent country, and will soon cause all holders of our debt and currency to begin selling them as quickly as possible. Foreigners hold 60-70% of our currency and debt, and once the selling begins…look out below.

 

This is why I believe that the coming Depression…if it happens…could potentially be worse than anything we experienced in the 1930’s.

 

Everyone reading this should be prepared in the event this begins to take place.

 

Here’s how...

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