Dire Financial Warnings and Debt Jubilee – David Morgan with Greg Hunter

David Morgan – US Debt Clock Shows Gold and Silver Way Undervalued

by Greg Hunter
USA Watchdog

Finance and economy writer David Morgan says there has been a noticeable increase in dire warnings from some of the biggest names in the investing world. Why are the elite sounding the alarm on another financial meltdown? Morgan says, “One reason is they see it’s rather imminent . . . so, could it be this year? Absolutely. I have been kind of right and wrong on this. I am right about the deterioration in the economy, the money supply and the inability to directly address the problem. Where you pinpoint it is more difficult. I said 2015 would be the year that most sleepy Americans would wake up and see the economy isn’t really recovering. . . . I think it’s going to be 2016.”

Morgan goes on to say, “The thing to do for the population at large is to admit the truth and say we can’t pay the debt back. Then you have a default, and the fancy word for that is Jubilee. Then you say you are going to get 10 cents on the dollar or zero on the dollar. Then everything that has been mispriced gets repriced by the markets instead of the controllers. Then you start fresh, and you will have trust and truth in the system. . . . You default and let the chips fall where they may. That rebuilds capital markets. It’s truthful and correct but also very painful. The other way is to never admit the truth and hyper-inflate the currency.”

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