WE ARE HEADING OVER THE CLIFF — Steve St. Angelo

from SGTreport.com:

WE ARE HEADING OVER THE CLIFF — Steve St. Angelo 

VIDEO:

This is an economic collapse red alert update: The global economic crisis is getting worse by the day. SRS Rocco’s Steve St. Angelo explains, “Government sovereign bonds that pay negative interest have doubled over the past six months to over $13 TRILLION. Now the reason that is happening is because when you’ve got all this massive debt out there you have to service it, and if you service it at normal 4, 5 or 6 percent interest rates it will break the bank.”

And America’s energy needs, debt load and just in time food delivery system make it as ripe for collapse as any nation in the world.

Steve explains how dire the situation has become, “Where do we go from here? We have two choice,m we either de-grow ourselves out of this OR the second option is barbarism, and it looks like we are going to suffer a combination of both.”

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