Obama's October surprise is actually harming everyone in the US. By having the Federal Reserve begin another round of Quantitative Easing, Credit Rating Agencies are further downgrading the US's credit rating, due to the increased debt our government is taking on. Germany in the EU is already making noises about their concerns over US Debt. If our debt bomb hits it has the possibility of taking down the financial markets of both Europe and the Far East, risking China's crash to totally destroy all the worlds financial markets.
Are you ready for inflation to the tune of 100%
Are you ready for a loaf of bread to cost you $10.00 or more?
What about $15 to $20 a gallon for gas?
It's possible it is coming. All because of the vanity of one man and his supporters in the media.
Showing posts with label Debt Bomb. Show all posts
Showing posts with label Debt Bomb. Show all posts
Friday, September 14, 2012
Friday, September 7, 2012
The Mother of All Debt Bombs in China?
"From the beginning of 2009 to the end of June this year, Chinese banks have issued roughly 35 trillion yuan ($5.4 trillion) in new loans, equal to 73 percent of China's GDP in 2011. About two-thirds of these loans were made in 2009 and 2010, as part of Beijing's stimulus package. "
This could be THE tipping point for the collapse. Many may think I'm calling wolf, but can we really tell? Don't be the person who goes door to door tryingt o find food fore your family. Make your preparations, have at LEAST 2 weeks worth of food in your house, home, apartment whatever, try to have a few days to a week worth of water. If you take medicines for chronic health needs contact your physician and try to get a couple extra weeks of your meds NOW before the cots and availability go beyond your reach.
H/t Insty
This could be THE tipping point for the collapse. Many may think I'm calling wolf, but can we really tell? Don't be the person who goes door to door tryingt o find food fore your family. Make your preparations, have at LEAST 2 weeks worth of food in your house, home, apartment whatever, try to have a few days to a week worth of water. If you take medicines for chronic health needs contact your physician and try to get a couple extra weeks of your meds NOW before the cots and availability go beyond your reach.
H/t Insty
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