I just found great video clip explaining global economic collapse. Every economist and politician are addressing about current economy in very complicated term (Honestly, they seems purposely doing that so that average people won't understand what is going on). However, it is actually very simple. That is, government borrowed so much money that there are no way for them to pay this back.
Basically, they have only two choices: Default or print. But, it is almost matter of time when government won't be able to choose either choice. This video clip is explaining what government is doing and consequence of this coming global economic collapse in very simple term. I recommend everybody to watch this video to understand our situation. Honestly, we are in the edge of the cliff and preparing and educating ourselves is the essential to survive this coming economic tsunami.
P.S: I wrote new article about greatest wealth transfer. This entails what's happening in world economy in greater detail. Click here for more information.
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Published: 05 December 2011