The debt crisis of the PIIGS countries demonstrates that there is no safety in government bonds. The debt crisis of the European fringe countries is only the beginning. Along with the PIIGS, the big swines (Germany, France, the US, Japan) will also get slaughtered.
In the course of the collapse of the global debt pyramide, the major currencies will get crushed by hyperinflation. Prepare for the coming currency tsunami.
For the elder people, pensions will go up in smoke, while the youngsters, even with the best available education, will find no jobs.
A cynic may add that there is the good news that people will be too hungry for riots.
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