Also, visit our sister site: " America In Prophecy ".

Tuesday, July 6, 2010

Warning Signs Of Economic Collapse: The $14 Trillion Dollar Debt Bomb

Michael Pento, senior market strategist for Delta Global Advisers, appeared on Tech / Ticker with Aaron Task recently and made some very dire predictions regarding our mounting United States Debt Crisis. According to him, we are now less than only four years away from our own "Greece Like" Financial Implosion. More importantly, he says, there isn't anyone large enough or rich enough to bail us out of this mess - once the dominoes have finally started to drop. Thus, we will see a period of Gross Hyperinflation - as The Federal Reserve will be ultimately forced to monetize all of this accrued public debt.

Please take your time, to watch the video below:

As the Worldwide Currency Crisis rapidly approaches, it seems that more and more Market Economists are beginning to take considerable notice of these obvious mathematical certainties... and yet, millions of average Americans are wholly oblivious to these inescapable Common Sense conclusions. Will the majority of Americas once again get clipped as they did in our most recent Housing Bubble? Well, I'm really going out on a limb here... but, from a historical standpoint, I'd have to say: "Yes."

Those who do not know, or even understand, the concepts of history are destined to repeat the very same mistakes... and I have yet, to be surprised by this [particular] generation's utter ignorance - upon that one very simple subject! History [like Yahweh] is no respecter of persons. Its Universal Rules apply equally to all men... it operates under simple: "Cause and Effect..." and neither, can it be: Set Aside, Escaped From, or Mocked by us. Though we batter at its ramparts 10,000 times - with a million entirely different strategies - in the end we will always fail.

Bear in mind, that Michael Pento is being far more generous in his overall time line than: Peter Schiff, Gerald Celente, Jim Rogers, and still many others. However, his openly stated four years is a "Maximum Estimate," before hitting this inescapable Economic Brick Wall... and the time for preparation is now! I'll leave you with this one God-given thought:

  • "The prudent man foresees Evil Times and hides himself, But the simple pass on and are punished." - Proverbs 22:3.

*** Note: For more upon this subject read: "Runaway Federal Reserve Actions Fuels Hyper-Inflationary Threat" and/or [even] "American Dream Or Self-Deceptive Hallucination" at my other blog site: The Truth About America.

1 comment:

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