Analyst and author Michael G. Pento examines how policies by the public and private sectors have led to the present debt crisis and suggests solutions to mitigate the disaster. He delves into history, compares the state of the United States, European Union and Japanese economies and speculates on the sustainability of the fiat currency model.
He also explains why retirees, in particular, will be at risk as real estate prices decline, pensions weaken and the bond bubble bursts.
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