Will The U.S. Be The Next Greece

Posted: Feb 14, 2012 |Comments: 0 |

That really is a great question, and something hot on the lips of many analysts at the moment.

Only days ago, Greece has released measured to cut salaries, jobs and living conditions of it citizens. It is something we were warning several months ago. Can you blame the people who started causing troubles and riots in the streets.

Looking at what has been happening over in Greece, and the current national debt in the U.S.  It is not hard to see that the ticking time bomb is getting louder and louder.

It amazes me that there are still people asleep to what is going on out there, but it seems that because people are not rioting on the streets of the US, so the average person chooses to think the economy must be recovering.

Right now you have many people in a FALSE SENSE OF SECURITY. It is like taking a poisonous pill not and not realizing the damage until it is too late. There is likely going to be this ‘eye before the storm' feeling out there in the real world. But soon you will start to see the real effects and the interest rates begin to reflect the debt burden.

The government have chosen to tame deficits with a new budget for the next 24 months. However, they do not realize it will not cure the entire debt crisis, and other problems like an aging population, the Medicare system and also Social Security.

The real risk right now lies in the borrowing costs, the interest rate the U.S. pays on current debt levels. The smearing and cheap tricks the U.S. Government is using right now to cover up the real problems is going to implode and they have been covering up the truth since 2008.

You may hear stories about the U.S. being a safe haven right now. While that may be true in the very short term, many people are forgetting the bigger picture and Bernanke's goal to devalue the dollar, which is going swimmingly so far.

Fortunately the U.S. is not in the same boat as Greece right now, but high borrowing costs will most likely push the U.S. debt levels from bad to WORSE! If this happens, and there is no doubt that it will eventually, do you think people will get mad? do you think more jobs will be lost? Do you think many people will take to the streets and show their frustrations?  The answer to those questions are simple.

The government will continue to cut spending and take more money away from people who need it, and continue to lie and cover up the truth. It did not work for them in 2007 -08 period, and it will not work for them going into 2012 either.

We could sit here and go over figures and compare apples to oranges on how the current debt problems are the same as what is happening Greece, but both of these countries have very complex problems that will not go away anytime soon.

The domino's are falling, and there is nothing anyone can do. The only option left is to prepare as best you can, as the storm starts to build and heads your way.Do not be fooled by the lies of the government and media. Every time they talk their lips are moving. You should know their games by now, especially if you have been reading our work and our newsletters over the last several months.

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