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The Fed, ECB and Bank of England bear most responsibility. They've abused their "license to print money."
America's $16 trillion debt comes to over $50,000 for every US citizen. "The solution to too much debt is not more debt. What would make me very excited is if a few people (in government) went bankrupt."
Obama and Germany's Merkel especially promote dangerous policies. They create an illusion of economic stability. In reality, they only buy time.
"Mrs. Merkle has an election next year. Mr. Obama has (one) in November. The Americans and the Germans - they want to do everything they can to hold the world up until after" electoral season ends.
"It's going to be bad after the next election." How bad remains to be seen. An influential economic team expects serious trouble. They discovered a "frightening pattern." It looks catastrophic.
According to Money Map Press chief investment strategist Keith Fitz-Gerald, "What this pattern represents is a dangerous countdown clock that's quickly approaching zero. The resulting chaos is going to crush Americans."
Global economic trend forecaster Chris Martenson also suggests catastrophe, saying:
"We found an identical pattern in our debt, total credit market, and money supply that guarantees they're going to fail," he said. "This pattern is nearly the same as in any pyramid scheme, one that escalates exponentially fast before it collapses. Governments around the globe are chiefly responsible."
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