Roy C: Vancouver, WA
Paul B. Farrell of MarketWatch recently published an eye-opening, jaw-dropping list of the twenty "global time bombs" set to go off in the world.
Without a doubt, it is quite a list, and you would rightfully feel disturbed as the final illusions you might be entertaining about a rosy future ran away in complete panic and took your retirement prospects along with them, shouting out a Great Big HA, HA! Hey, and, if you still think that we did not have an answer to the question as to whether or not we had entered the antechamber of a Great Depression, something which Pim of Spain pointed out here months ago as needing a structural change to overcome, then, after pondering this list, you will say that we have an answer, and it is "yes".
As we add debt, we reach a triggering point where we can no longer pay the interest on the debt and the whole system goes tilt. This might be dealt with by what is called "sovereign bankruptcy". No matter how it is dealt with, our currency will be devalued. You will not be getting Social Security checks, and you can forget about Medicare and Medicaid. You will be lucky to have a full stomach.
Gerald Celente has also been quite prescient in this regard. Take a look at the videos included.
Mr. Farrell's list: