2012: Worse than 2008!

If you think 2008 was a bad year, wait till you see 2012!

The world’s largest banks have far less capital, the world’s largest governments have far less bailout power, and each is pulling the other into an abyss.

Yet, BOTH bankers AND government officials seem mostly oblivious to the dire realities, sleepwalking through daily life as if nothing had changed.

Burying the Truth

Over 100 years ago, novelist Émile Zola put it this way: “If you silence the truth and bury it underground, it will grow and gather such explosive power that the day it bursts through it will blow up everything in its way.”

This is a key reason why economies crumble, markets crash and entire empires wind up in the junkyard of history.

This is why investors lose fortunes.

This why lives are destroyed.

It’s why life-changing opportunities are left by the wayside.

And it’s why my mission is to give you a direct, immediate pathway to the truth no matter how lonely that endeavor may be.

Recent events are prime examples …

Sovereign debt downgrades: While the world’s Big Three rating agencies — Standard & Poor’s, Moody’s and Fitch — stubbornly maintained stellar grades for the world’s largest sovereign nations, our Weiss Ratings was …

* the only rating agency in the world to challenge them to downgrade long-term U.S. debt (5/10/2010) …

* the first rating agency to assign a low grade and downgrade the United States (4/28/11, 7/15/11), and …

* the first to assign low grades and downgrade major European countries (4/28/11, 9/1/11).

Click below to continue reading:

via 2012: Worse than 2008! — Money and Markets.

 

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