Billionaire Tells Americans to Prepare For ‘Financial Ruin’

Posted: July 2, 2014 in Uncategorized
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MONEYNEWS.COM: The United States could soon become a large-scale Spain or Greece, teetering on the edge of financial ruin.
That’s according to Donald Trump, who painted a very ugly picture of where this country is headed. Trump made the comments during a recent appearance on Fox News’ “On the Record with Greta Van Susteren.”
According to Trump, the United States is no longer a rich country. “When you’re not rich, you have to go out and borrow money. We’re borrowing from the Chinese and others. We’re up to $16 trillion in debt.”
He goes on to point out that the downgrade of U.S. debt is inevitable.
“We are going up to $16 trillion [in debt] very soon, and it’s going to be a lot higher than that before he gets finished. When you have [debt] in the $21-$22 trillion, you are talking about a downgrade no matter how you cut it READ MORE: http://www.moneynews.com/Outbrain/Trump-Aftershock-American-Economy/2012/11/06/id/462985#ixzz36LG7VBCw

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Comments
  1. Don Inodessa says:

    Has no one recognized that this is an old interview? We are past the $16 trillion mark by nearly $2 trillion and Wiedemer was talking about an expected collapse for 2012.

    Not that we are not going to have to deal with a continued deterioration and maybe ev en a sudden shock at some point.. But common people; Old rehashed interviews (not even rehashed mind you) is truly what the naysayers mean when they say “doom porn.” SHEESH!!!

    Damned thing has been picked up by nearly every TEOTWAWKI alt media player on the net. Unbelievable!

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