Bet you haven't heard this on the MSM!
Here are some excerpts...
Yesterday the Treasury sold 29 billion in bonds bringing the total U.S. debt to 14.311 trillion, the current debt ceiling is 14.294. Now with a 52.2 billion dollar buffer for the total debt, a technical default should happen within the next 10 trading days, let's see if that makes any news.
Bill Gross, the largest bond fund manager in the world, recently had this to say regarding U.S. debt, "unless entitlements are substantially reformed, I am confident that this country will default on its debt; not in conventional ways, but by picking the pocket of savers via a combination of less observable, yet historically verifiable policies - inflation, currency devaluation, and low negative real interest rates."
Folks, read that again! This guy is not a fly by night guy, but a well respected person in the industry!
There are clues people, open your eyes and look. We have industry experts telling us what is coming. If only more people would stop worrying about who will be the next one voted off and learn what freight train is heading toward them.
Oh well, at least you are watching.
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