“Right now, the combination of all public and private debt in Portugal comes to a grand total of 360 percent of GDP.
In Greece, the combined total of all public and private debt is about 100 percentage points less than that. “
www.usdebtclock.org/ has the U.S. public plus private debt at $57 trillion, or more than three times our GDP. Wait till the Chinese find out.
I’m hearing many economists and others, on an International scale, saying things are going to start to implode by 2012 end and continue on for the next 3 to 5 years. .....a crash of the monetary systems on an International scale will indeed open the way for a One World economic system.......but they have to crash it all first in order to have the “citizens of the world” support it.
But do keep in mind the weathy wil not be affected...they have their money already secured for this to happen. MAkes me think of ‘Paulson’s plea before congress not so long ago...on bended knees no less.....electronic transfer of wealth is not hard to pull off and shake a nation to submission.