Thursday, June 9, 2011

US Is Nearing Even Worse Financial Crisis than 2008

“The debts that are in this country are skyrocketing,” “In the last three years the government has spent staggering amounts of money and the Federal Reserve is taking on staggering amounts of debt.

“When the problems arise next time…what are they going to do? They can’t quadruple the debt again. They cannot print that much more money. It’s gonna be worse the next time around.” - in CNBC


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