Billionaire Tells Americans to Prepare For 'Financial Ruin'

moneynews

comment:

This looks like an old recycled story.  It may get the reaction of "crying wolf" from most people.  But it just may work out that way after all.

My theory is that they can manage this thing as long as something doesn't happen.  But once something does happen, the entire financial edifice will come crashing down like the Twin Towers in New York City on 9-11-2001.  This economy isn't built to withstand the kind of shocks that it may be subjected to in the near future.  It is fragile.  It is over-leveraged.  Just one big disaster may be all that's necessary to send it into a tailspin.  Unfortunately, this won't be prevented because these people running the show are incompetent and/or corrupt.  You should prepare yourself if you are wise.