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Mar. 06, 2013
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That which mathematically cannot continue will not continue. Western countries, led by the United States and Europe, are in deep economic trouble. Massive debt levels are strangling their economies, and once great nations like Greece and Spain have been reduced to third-world status with staggering unemployment levels and almost daily violent riots.
Those that say it can't happen in the US are dead wrong. The value of the dollar has been slowly eroded over a century, but now that decline has accelerated and is destroying the savings of hard-working honest Americans. This erosion in dollar value is also threatening the reign of the dollar as the world reserve currency.