It’s Terrifying To Look At What’s Really Happening In The U.S.
KingWorldNews.com
September 20, 2014
On the heels of another wild week of trading in global markets, today Michael Pento warned that despite the propaganda, what is really happening in the U.S. is terrifying. Pento takes KWN readers around the world on a trip down the rabbit hole which takes a sobering look at what is really taking place in the United States.
By Michael Pento of Pento Portfolio Strategies
September 20 (King World News) – It’s Terrifying To Look At What’s Really Happening In The U.S.
A wise saying goes like this; “Those who do not remember history are condemned to repeat it.” So ask yourself: What is the fate of those who seem to have no recollection of events just a few years ago?
We are nearing the end of 2014, and to the debt markets it is almost as if the 2008 economic collapse never happened. It appears that borrowers and lenders are suffering from a severe case of collective amnesia. Yes, consumer debt levels took a slight breather in 2009-10. But today total consumer credit in the United States has risen by 22 percent over the past three years, and at this point 56 percent of all Americans have a subprime credit rating….
The Rest…HERE
