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Showing posts from August 8, 2013

USA BIGGEST BANKRUPTCY IN HISTORY in 2014

-------------------------------------------------------------------------------- Europe, Japan, or China: Who May Go Off the Economic Cliff First? I believe that the world is on the verge of a possible economic meltdown. I think that there is just too much debt (both governmental and private), not enough assets, and with a end result of the financial system breaking down with devastating consequences. There are some common problems that the countries I will be looking at all share. The first is high debt levels that cannot be repaid. However, the more important factor is negative demographics in these countries. I think that national demographics do not receive enough consideration when analyzing a country's economic potential. This is a mistake. Demographics are probably the single most important issue that should be examined. For example, a country could have massive natural resources available for both domestic use and export. But if this nation has a elderly and child …