Thursday, February 20, 2014 11:08:14 PM
US, UK, Europe, Japan Default: ‘Inevitable’ (Video)
Thursday, February 20, 2014 6:28
By Susan Duclos
http://beforeitsnews.com/economy/2014/02/us-uk-europe-japan-default-inevitable-video-2597052.html
The discussion below is chilling for anyone paying attention to the economy in the US and abroad, where we are informed that “default is inevitable” and when the list is gone through the headlined areas are specifically mentioned. The US, UK, Eurpoe and Japan are all named individually. A representative from HSBC disagrees with the terminology and chimes in saying the term “default” is too strong a concept,
The most interesting question comes from the video details:
That’s right: at a time when America’s two largest foreign creditors, China and Japan, went on a buyers strike, the entity that came to the US rescue was Belgium, which as most know is simply another name for… Europe: the continent that has just a modest amount of its own excess debt to worry about. One wonders what favors were (and are) being exchanged behind the scenes in order to preserve the semblance that “all is well”?
Exactly, what has Barack Obama promised Europe in exchange for bailing us out and helping to create the illusion that the massive upcoming collapse isn’t just around the corner?
Thursday, February 20, 2014 6:28
By Susan Duclos
http://beforeitsnews.com/economy/2014/02/us-uk-europe-japan-default-inevitable-video-2597052.html
The discussion below is chilling for anyone paying attention to the economy in the US and abroad, where we are informed that “default is inevitable” and when the list is gone through the headlined areas are specifically mentioned. The US, UK, Eurpoe and Japan are all named individually. A representative from HSBC disagrees with the terminology and chimes in saying the term “default” is too strong a concept,
The most interesting question comes from the video details:
That’s right: at a time when America’s two largest foreign creditors, China and Japan, went on a buyers strike, the entity that came to the US rescue was Belgium, which as most know is simply another name for… Europe: the continent that has just a modest amount of its own excess debt to worry about. One wonders what favors were (and are) being exchanged behind the scenes in order to preserve the semblance that “all is well”?
Exactly, what has Barack Obama promised Europe in exchange for bailing us out and helping to create the illusion that the massive upcoming collapse isn’t just around the corner?
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