Financial Newsletter Predicts US to Default on National Debt

{ Submitted by admin on Fri, 2008-11-07 01:11 }

A European financial newsletter, La Lettre Confidentielle de LEAP/E2020, is predicting a US default on government debt sometime in the summer of 2009. The default will be triggered by uncontrollable increases in public debt, uncontrolled inflation, and continuing deterioration in the nation's manufacturing, retail, and construction sectors.

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