How The Financial System Will Unravel - Friday 03.13.15

Debt must always be paid back or reneged upon. There is no other way. Since the current monumental pile of debt cannot possibly ever be repaid, we must face and understand the process of default. I give various scenarios, all of them excruciatingly dire but probable. Learn what happens to credit. We follow through how it seizes up, rendering all your credit cards useless overnight. You will have to live with cash. Americans don’t have much of that now. The statistics (quoted here) tell their own story. Do not take the status quo for granted. It is about to change in a dramatic way. The absurdity of the lies behind last month’s job figures which were released last week. Fox news gives America’s “most trusted news coverage”, according to a new poll from Quinnipac University. How the banks were able to doge bankruptcy six years ago and how they continue to do so today. Suicide is growing alarmingly in the United States.