The Greatest Fairy Tale Is Becoming A Nightmare That Will End In Total Collapse
KingWorldNews.com
July 03, 2015
On the heels of the crude oil market falling another 2.5 percent, today one of the top economists in the world sent King World News an incredibly powerful piece warning that the greatest fairy tale is becoming a nightmare that will end in total collapse. Below is the fantastic piece from Michael Pento.
By Michael Pento of Pento Portfolio Strategies
July 3 – (King World News) – Governor Alejandro García Padilla of Puerto Rico said this week he does not think the Commonwealth will be able to pay back the $73 billion in debt owed to bondholders. I find this rare bit of honesty totally refreshing. For the past three years some had speculated about the possibility of a Puerto Rican default, but most believed it to be a farfetched notion. Now the question of solvency is no longer in doubt: Puerto Rico is officially broke and is unable to pay all its debt obligations….
The Rest…HERE