Gregory Mannarino explains the devastating impact of America’s debt based economic model – and what the final outcome of trillion dollar deficits will be.
If you want to understand the economic and monetary policies that brought us to this breaking point, watch every minute of the following video.
You don’t need a degree in rocket science to figure this out.
The debt will continue to be added until it explodes.
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This debt has built an alternate reality. We’ve borrowed monies from the future to live a better now. This bill is coming due.
We see what’s going on in Cyprus, what’s going on in Europe.
When it comes here to roost in the United States, and we’ve already seen cracks in the debt bubble, it’s going to make all that look like a walk in the park.
The United States is going to be devastated.
The middle class is being systematically destroyed by the Federal Reserve, by the Obama administration.
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Understand… this is not sustainable. This is not sustainable…
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A pan global collapse is inevitable.
It’s coming.
There’s no way out of it.
Whether it happens next week, next month, or next year, it is coming. And, governments are going to become more and more desperate. Like Cyprus, this is going to sweep the Eurozone.
And it is coming here to the United States – right to your front door.
We borrowed monies to live a better now… and it’s time to pay the piper.
Video via SGT Report
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