Sovereign debt crisis?
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I think people forget that we can be sovereign.
I and you.
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What is happening in Greece is but a small sample of what WILL happen in the coming American debt crisis.
Actually there will be considerable pain when government shrinks because we are so dependent on it. It will be like coming off of heroin.
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Buy food, seeds,land, silver, medicine, weapons and find like minded friends. Think 1900 with a thicker encyclopedia of knowledge. Survive the first wave and you have a chance.
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Expose the Ponzi!!! Peter!!!!
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Its out of the fire in to the frying pan Petey boy. The only thing you have backwards.
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@nhralph Search for
"DEBT SCARY COMPARISONS"
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Peter Schiff is one very smart man
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Oh, I know it's non-optional for most people. I meant that you should regard it as another worse-than-useless overhead, instead of counting on it to sustain you in your old age. If you want a secure retirement fund, then you're going to have to save it up for yourself, in something more stable than dollars or government bonds.
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@Panzer, not much of a choice. It is what my employer does. Cannot touch it unless I leave the company for some reason.
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Meh - we wouldn't be screwed if government actually shrunk... Do away with social security, medicare, any and all welfare, and pare our military down to nearly nothing at all. That might fix the problem... but we all know that sure as hell isn't going to happen.
roxtar10870 1 year ago 7
It is getting bad all over. People are not paying attention to what is happening in Europe. The EU has already threatened Greece with invoking Article 121 of the 'Lisbon Treaty' if Greece doesn't get a grip on their debt. Greece can lose their soveriengty. As for the dollar, SDR's will eventually take over as the world currency. Things are very bad. Good video though.
nhralph 2 years ago 5