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Wednesday, November 10, 2010

World Under Pressure

  1. Canadians collectively past $1 trillion in mortgage debt
  2. The Coming Depression: China To Have The Biggest Economy In 2 Years
  3. Canada’s $1-trillion debt baby
  4. YouTube - The Secret of Oz :
  5. Most Canadians losing sleep over economy
  6. YouTube - Glenn Beck TV Show 5 November 2010 Part 1:
  7. Prime mortgage holders under ticking time bomb
  8. YouTube - Robert Kiyosaki, The Worst To Come (NWO ECONOMICS SERIES/ Economic Collapse):
  9. Mortgage, real estate taking another hit across North America
  10. What is the G-20
  11. Glenn Beck

The Rules of The Global Monopoly Game are being changed. In 1980, USA was the Greatest Creditor Nation. In 2010 USA is the Greatest Debtor Nation. As of November 7, 2010, the "Total US Public Debt Outstanding" was approximately 95% of annual GDP, ($13.723 Trillion). Who is going to pay for it? China? India? Brazil? Russia?

In 2006, Professor Laurence Kotlikoff argued the United States must eventually choose between "bankruptcy", raising taxes, or cutting payouts.
United States public debt - Wikipedia, the free encyclopedia:

  1. Next Mortgage Default Wave: Commercial Real Estate
  2. Fed launches QE2
  3. Robert Kiyosaki, The Worst To Come (NWO ECONOMICS SERIES/ Economic Collapse)
  4. Quantitative easing explained
  5. The coming $600 trillion debt bubble
  6. Decision to buy US$600bil in Treasuries sparks unusually vocal public debate

  7. The great global belt-tightening - CNNMoney
  8. Federal stimulus - QE2: In depth news, commentary and analysis from the Financial Times

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