Monday, February 22, 2010

Worried About the Economy? You Should Be.

SEE HERE Here's the Money and Markets Weiss Newsletter ... they titled this piece Armageddon which ought to give you a bit of pause ... Here's a quote:

In the entire world, the United States government and its agencies have, by far, the largest pile-up of interest-bearing debts ($15.6 trillion), the largest accumulation of unsecured obligations (over $60 trillion), the largest yearly deficit ($1.6 trillion), and the greatest indebtedness to the rest of the world ($4.8 trillion).

Read more by going to the newsletter. Most disturbing of all is how little concern our leaders are showing. If we go down, there's no-one bigger to bail us out and we likely take the world with us.

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