Well, they are right about one thing. We are in debt; but’s more like over 51 trillon. The subprime triggered this. Now it’s feeding on itself. Like it’s unraveling the whole thing. Rich and poor alike who are heavily into debt are going to feel this one.
I suggest everyone get our of debt as soon as you can and don’t live beyond your means. Pay off everything if you can.
Wait for the dollar to drop even more so that you are paying them off with true fiat dollars.