Friday, November 27, 2009

The Collapse of America by excessive debt and hyperinflation - Gerald Celente, Marc Faber

Our National debt is a ticking time bomb and as we continue to borrow at record amounts and entitlement programs fail to pay for themselves, interest rates - once they begin to rise will eat more and more of tax receipts until we can no longer provide promised services and benifits. Our Economy will crash as the government defaults on its debt payments and social order will collapse.





Tags:
The Collapse of America Gerald celente Marc Faber Jim Rogers Obama Pelosi Reid 2012 debt dollar civil unrest martial law bank failures bankruptcy Ron Paul Peter Schiff Nouriel Roubini

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