much worse than you realize. While that may sound like someone who has been crying ?wolf? for the past several years, in all honesty, the public has no idea just how dire our present situation has become.In the business of financial journalism, nothing sells better than fear - all-out financial, economic devastation and collapse, and the worst of all possible scenarios crouching on your doorstep ready to jump out and get you at any moment. Welcome to the doom-and-gloom ?financial-tainment? industry. Get comfortable and start reading these highly addictive, sensationally-driven, doom-and-gloom financial commentaries and ask yourself if they are just fear mongering or could well be prophetic in their forecasts.
This excerpt is from the original article by Steve St. Angelo. It may be re-posted as long as it includes a hyperlink back to this revised version to avoid copyright infringement.
The amount of debt, leverage, deceit, corruption, and fraud in the economic markets, financial system, and in the energy industry are off the charts…
Believe me, when I say this, I am not rooting for a collapse or breakdown of our economic and financial markets. However, the information, data, and facts that I have come across suggest that the U.S. and global economy will hit a brick wall within the next few years….
How bad is the current economic and financial situation in the world today?
If we take a look at the chart in the original article, it may give you a clue….
To get an idea just how much worse the situation has become than we realize take a look at…
Why read the article in full?
Because I honestly believe that those who read it will understand the horrible predicament we are facing better than 99% of the population!
Related Article from the munKNEE Vault:
Are These ?Economic Forecasters? Fear Mongers or Prophets? You Be the Judge
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