Posted Sep 3, 2013 by Martin Armstrong
In Germany the people are starting to notice that government pensions are growing far more rapidly than those in the private sector. We have to realize that about 50% of all taxes in Detroit went to pensions. This same economic model destroyed Rome. This is what we face, yet we cannot prevent the crash and burn. Our own taxes will rise dramatically for even the Republicans will go along with that to save their own power. The next bailout will be the US government. They will seize all pension funds and 401Ks to absorb the debt. They are realizing that as the war cycle turns up, less and less foreigners will buy US debt. Hence, the crisis will be when NO BID emerges in the sovereign debt markets after 2015.75. The solution – forced loans.
We will be presenting this in a very important special report.