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Our National debt is a ticking time bomb and as we continue to borrow at record amounts and entitlement programs fail to pay for themselves, interest rates – once they begin to rise will eat more and more of tax receipts until we can no longer provide promised services and benifits. Our Economy will crash [...]

Posted Jan 13, 2010 01:00pm EST After every financial crisis there’s a sovereign debt crisis, Marc Faber says. Countries that borrowed too much during the boom times start struggling to pay their competitors back, and eventually some of them default. The countries most likely to blow up this time around are the “PIIGS”: Portugal, Ireland, [...]

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