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Message Subject Economic Doom News - Financial Market Turning Points - 2013 through 2020
Poster Handle No Dhimmi
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Housing will collapse as mortgage rates approach 8%. Every aspect of federal, state and local government spending will have to be slashed. Police, fire, schools, medical services, mail delivery, trash delivery, road maintenance and every other kind of social service will be cut dramatically as capital is diverted to pay interest on our debt.

And these sudden rate rises can happen brutally fast in our uber-connected global ponzi. Just ask Italy. 4% rates and it was bunga bunga time. Rates jump to 7% a few months later and suddenly the Vampire Squid has to send in one of their own to "save" the day. You get the idea.

[link to www.zerohedge.com]
 
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