Agree petg. Not sure about predicting exact date, but.....????? The US has $19.2 Trillion in debt and $101.7 Trillion in unfunded liabilities. There are 93,486,743 Americans who are not in the workforce and 7, 956,397 who are officially unemployed. It does not take an Einstein to work out that there is no way this can be repaid and unemployment is a lot f#$king higher than 5%. See: http://www.usdebtclock.org/
Europe is totally F#$KED, high unemployment, QE, NIRP, refugees, unsustainable debt etc. The much vaunted Chinese economic miracle is stuttering and they are laying off 100's of thousands of steel workers, but their GDP is at a healthy 7%! These communist F%#kwits must be smoking dope with the Mad Hatter, Alice, Peter Pan, Obama, Kuroda, Yellen and Draghi.
Call me a tin foil wearing conspiracy theory prepper, but IMHO it may be prudent to have some gold, silver and gold mining shares just in case.
BDR Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held
