John Mauldin – This Is Going To Shock The World
August 23, 2012
Today John Mauldin stunned King World News when he went into detail about events that will, “… be a shock to the world.” Mauldin, President of Millennium Wave Securities, also warned, “Nobody sees that coming.” Here is what Mauldin had to say: “The problem is the deficit. We hit the wall, I don’t think most people really understand how catastrophic it would be to hit that wall. It’s just something that we haven’t seen in the US. It’s not in anybody’s lifetime experience, and it would be ugly.”
John Mauldin continues:
“If you want to know what it looks like, go to Spain, go to Greece, go to Argentina. Go to any one of a couple hundred countries that have hit that wall. There is a wall. There is a limit. It’s more difficult this time. We’ve got a deeper, bigger problems.
If you were looking at a stock chart, of the ability of this Congress to work together, it would not be a stock you would buy….