kingworldnews.com / February 7, 2013
Today one of the brightest men in the financial world warned, “Shadowstats has estimated that the annual Federal deficit for last year was really about $6.6 trillion when one included all of the accruing liabilities and expenditures not included in the $1+ trillion estimate for the deficit … Some estimates are as much as $220 trillion in unfunded debts … There was even a call last week to print $30 trillion (and $100 trillion prior to that in 2011). It is out of control.” Below is Robert Fitzwilson’s exclusive KWN piece which discusses the troubling reality the West faces going forward and how investors should positions themselves ahead of the coming chaos.
“We have all heard the saying that markets are driven by fear and greed. The way in which this manifests itself, is that investors become fearful of things that are priced low and greedy for things that are priced high. It is the only area of our life that people seek to purchase overpriced goods and shun underpriced goods….