"Debt-berg" To Trigger The End Of The American Way Of Life...
Very soon I believe we’ll experience a crisis that’s bigger than the Internet bubble… the housing bubble… or the credit crisis of 2008.
It’s an event that I call “Debt-berg.” And here’s why…
As an iceberg sits in seawater it melts from the bottom since the water temperature is warmer than the ice. You don’t even see it happening.
Over time, this slow melt sets in motion a change in the iceberg’s buoyancy…
Then, without any warning at all, the years of slow melting causes the iceberg to flip over in a very powerful and very violent way.
Large waves are created from the flip – affecting everything in the surrounding area. And when the iceberg finally settles in its new place, the entire landscape looks completely different.
The “Debt-burg” event I see coming is just like that…
Years of fiscal mismanagement underneath the surface of governments will cause our worldwide economy to “flip” in a very quick… very powerful way.
And once this event starts to happen, there isn’t anything… or anyone… that can stop it.
It will be too late for governments to change their ways. Too late for Wall Street to adapt. And too late for every day Americans to protect themselves from a world of financial hurt.
The recent events unfolding in the United States and across the Euro-zone lead me to believe that we’re coming very close to the moment that the economy flips.
Source: Whitelisting Whiskey & Gunpowder.
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