The level of debt has surpassed the possibilities of being serviced. Mathematically, the debt problem cannot be solved, regardless of economic policies. That, unfortunately, is written. For it to be serviceable would be to violate the laws of mathematics and that cannot happen. [As such, America is quickly approaching a catastrophic economic collapse. As repelling as that sounds, it’s in your own best interest to learn just how bad the situation is. This article is an attempt to do just that.]
So says Monty Pelerin (www.economicnoise.com) in edited excerpts from his original article*.
Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!) and www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) has edited the article below for length and clarity – see Editor’s Note at the bottom of the page. This paragraph must be included in any article re-posting to avoid copyright infringement.
Pelerin goes on to say, in part:
Electing Mitt Romney and Paul Ryan, no matter how determined they might be to fix matters, will not alter the fact that the US economy is going to collapse. It is written! Their election may buy some time and may even lessen some of the pain of a collapse, but that is all. Neither they nor anyone else can rewrite the inexorable laws of arithmetic. That is written!
Regardless of how good Romney and Ryan may be, they cannot avoid the painful ending, one where the pain will be worse than the 1930s Depression. CrisisHQ.com says it clearly and bluntly:
America is quickly approaching a catastrophic economic collapse. Before you dismiss this as hype or paranoia, take a few minutes to review the facts … The numbers don’t lie. At this point, the dollar crash is unavoidable… far from an exaggeration this is a mathematical certainty. As repelling as that sounds, it’s in your own best interest to learn just how bad the situation is.
The article written by CrisisHQ is one of the best explanations of why the ending “is written.” It lays out in detail the magnitude of the problem(s) and why it cannot be solved. Everyone should read this article and prepare.