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CMI | Articles of interest: A Warning Sign For The World

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CMI Gold & Silver President, Bill Haynes, is featured on the Weekly Metals Wrap Up online radio program with King World News. Tune in each week for insight and commentary on the metals market. Listen to the latest broadcast Broadcast Archives A Warning Sign For The World February 15, 2012 www.theeconomiccollapseblog.com Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen, and if all of a sudden people could not use credit to buy things our economy would immediately ground to a halt. Unfortunately, no debt bubble can last forever. When this current debt bubble finally bursts, faith in the financial system is going to disappear, credit is going to freeze up and there is going to be a massive wave of bank failures. Right now, Greece is a warning sign for the world. Nobody wants to lend money to Greece, the Greek banking system is dying, one out of every four busine