In America in 2008 there are $80 billion of Mortage to be reset each month on average .
The repayments go up by between $300 us and $700 US per month with the two big months being February and March with a total of $500 billion to be reset.
This will take years and lead the whole world into a depression GREATER than 1929 to 1932 with the on going effects lasting at least 60 years. I have two children and i fear for then as what our generation has done they will pay for , for the rest of there lives and maybe there children.
I think to pass this on is not how things should have worked out but the world order is changing as ASIA comes to the top and we sink in huge debt never to be repaid.
Regards Dennis
In America in 2008 there are $80 billion of Mortage to be reset...
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