Massive debt is not just a local (UK) problem.
I have been watching Gerald Celente's forecasts for several months now.
His latest trend announcement can be heard here
Gerald Celente News Blog
The dollar is about to collapse completely.
The USA is bankrupt, and this is due to be realised/admitted before year end.
The first sign will be a prolonged 'bank holiday' when cash movements will be frozen.- (maybe worldwide depending on what they decided at the recent meeting in Philadelphia) You will not be told about this bank holiday in advance, so that a 'run on the banks' can be avoided.
On re-opening for business a new currency will be announced.
This might be the Amero (which has already been minted)
http://www.accringtonweb.com/forum/f...ged-47655.html
or a
New World
Currency
People who have debts are about to lose less than those who have savings - but both will be losers.
When the dollar fails there will be knock on effect worldwide.
I do not know what these will be - any suggestions?
This is not conspiracy theory - it is evolving FACT