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On May 30, financial expert and investor safety advocate Martin Weiss said:
"Never before have I seen so many threats to your safety and wealth converging in one time and place," citing:
-- deteriorating bank safety, evident from increasing failures and other systemic risk measures;
-- a deepening housing market depression with no end in sight;
-- a worsening European sovereign debt crisis; and
-- most worrisome, the contagion spreading to America.
According to Weiss:
"If you thought the debt crisis of 2008-2009 was a harrowing experience, wait till you see what's coming next." Last time, corporations were affected. Sovereign states are getting hammered now, including America.
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