(Analyst notes: Even the "recovery-is-on-the-way" New York Times recognizes that a financial crisis of world wide proportion is potentially on the horizon. Note please that this crisis is a debt-driven crisis. America is not taking the only cure.... reduce expenditures. The opposite course only builds the pile of financial dynamite that will eventually explode and perhaps delay it somewhat until after the elections the politicians want to control. These financial threats endanger our national existence because they threaten our economic system. We need to move out of uncertainty, debt, and a climate of willful, irrational change for ideological motives. Healthy commerce needs stability. No one invests when they can not see all the risks and have some hope they might benefit. Wake up America to the terrible debt threat!)
Crisis Awaits Worlds Banks as Trillions Come Due
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- Written by LA_Case