The Second Round of the Crisis

fredgraph

If you did not believe, in late 2000, that there was a real problem with the way world governments were handling their economies, then you probably did not start your preparations….

“For 30+ years, sovereign nations have been papering over the decline in living standards by issuing debt. In its simplest rendering, sovereign nations spent more than they could collect in taxes, so they issued debt (borrowed money) to fund their various welfare schemes.

This was usually sold as a “temporary” issue. But as politicians have shown us time and again, overspending is never a temporary issue. Today, a whopping 47% of American households receive some kind of Government benefit. This is not temporary… this is endemic.”

http://www.zerohedge.com/news/2015-03-05/second-round-crisis-will-dwarf-2008-size-and-scope