[KG8]

The US is leading us, yet again, into a global financial collapse. What we’re seeing is the enviable implosion of a 60-year debt super-cycle. It's default (because it's impossible to pay it back) will plunge us into a global depression far worse then the 1930's depression. Why far worse? See the charts.

The good news? Those who have not kept their heads buried in the sand, buried in the TV, have seen in coming for some years and have gotten out of debt and stored wealth in safe places. Here in the 30's we had 30% unemployment, that meant 70% had incomes, and if they had a little savings and no debt they did ok.

No Debt + Savings = OK

Here are some charts, charts don't lie.

http://img.villagephotos.com/p/2008-...debtUSDEBT.jpg



http://img.villagephotos.com/p/2008-.../Totaldebt.gif



http://img.villagephotos.com/p/2008-...ueshistory.jpg