The U.S. debt situation when broken down to one of family statistics really seems absurd. Yet it's true. It's a slow motion train wreck that can be seen coming miles away but which, like deer paralyzed in the headlights, everyone is unwilling to face up to and to take any meaningful corrective action - and it will be the downfall of them all. Words: 550

America is quickly approaching a catastrophic economic collapse. Before you dismiss this as hype or paranoia, take a few minutes to review the facts … The numbers don’t lie.

America is quickly approaching a catastrophic economic collapse. Before you dismiss this as hype or paranoia, take a few minutes to review the facts … The numbers don’t lie.

This short video - on the sustainability of government spending - should be watched by everyone, including those not yet old enough to vote. It should be shown in every high school and college classroom.

We are in the latter stages of the debt death spiral where debt and interest payments can only be made by adding more debt. This process has a sure ending. Like the flush of a toilet, the spiral goes faster and faster until it finally ends. [Let me put forth just how serious the problem is.] Words: 431

We are in the latter stages of the debt death spiral where debt and interest payments can only be made by adding more debt. This process has a sure ending. Like the flush of a toilet, the spiral goes faster and faster until it finally ends. [Let me put forth just how serious the problem is.] Words: 431

...[A]t some point they [the central banks] will all start printing money. At some point they will recognize we are not going to have a deflationary collapse, that we are not going to have a deflationary debt liquidation.... If we get some serious stock market weakness, on top of the economic deterioration, then I think the central banks of the world, and in particular the Fed, are going to panic and do something big....They are going to print money and try to inflate the debts away....[As a result, there] is going to be this big, unridable phase of the bull market in gold that’s going to take place. That’s in front of us. It’s probably closer than most people think.

We are in a number of crises: the sovereign crisis, a banking crisis, an economic crisis and a social crisis. The first three crises together are guaranteed to bring down the world economy because they are not just in one country, they are worldwide....A social crisis will develop leading to even more social unrest. All of these factors are why this will ultimately lead to a hyperinflationary depression - the most serious depression the world has ever experienced - and why investors have to focus on protecting their wealth.

Why are both debtors and creditors willing to build a status quo of massive unprecedented debt? [After all, the delusions of] creditors that debt is wealth and should never be liquidated, and of debtors that debt is an easy or free lunch have been smashed by the juggernaut of history many times before...[and] I think they will soon be smashed again. [Let me explain.] Words: 1150

Michael Pento, president of Pento Portfolio Strategies, and Peter Tchir, founder of TF Market Advisors, talk about Nobel Prize winner Paul Krugman's recommendation that policy makers should consider allowing slightly higher inflation as a way to spur the U.S. economy.