A second crash is in the works and this time it involves countries not financial institutions, although the financial institutions have set up the next crash by government bailouts and investments. Reporter, Alistair Barr, for MarketWatch warns of the approach of a second debt storm that is occurring and growing even as we speak. The huge indebtedness that countries assumed to support their economies is coming back to bite them when it overtakes their GNP triggering a substantial rise in inflation.
This report is vital to understand the magnitude of the problem and to countermand the public relations push to give a positive spin on the results of Obama’s policy decisions that have inflated the U.S. debt and government. Given this scenario, it is difficult to see the light at the end of the tunnel; in fact, we may see the light go out entirely in the near future if our government fails to address this issue ASAP!
