One domino hits another domino and pretty soon all the dominos come crashing down... That is how it will happen next year when the entire world economic system comes crashing to virtually nothing, a paper house of cards. :P Here, we have Argentina declared to be in default and failure to pay even the interest will cause heartburn on the part of some bondholders/debt holders. Money is safer if you invest in those who keep the commandments of God :) But, be it as this is, the ramifications of this is nothing like we will see next year in the collapse for the bible says in Revelation 18 that it happens in one hour adn the worlds economic system grinds to a complete halt. See pictures of the Greece default/debt/austerity riots below ;) Coming soon to a neighborhood near you! :) :( bloomberg/news/2014-07-31/argentina-s-default-clock-runs-out-as-debt-talks-collapse.html Also, Standard and Poors has officially declared Argentina to be in default, it seems. bloomberg/news/2014-07-30/argentina-defaults-according-to-s-p-as-debt-meetings-continue.html
Posted on: Thu, 31 Jul 2014 12:27:52 +0000
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