While a potential Greek debt default is all over the news lately, most people are completely missing another developing story right here in the U.S. — namely, the fact that Puerto Rico is also very close to stiffing its creditors.
The island's governor, Alejandro Garcia Padilla, told The New York Times last night:
“There is no other option [than deferring debt payments]. I would love to have an easier option. This is not politics, this is math.”
In response, President Obama has already said that the United States government will NOT bail out the island. Instead, Washington will merely provide guidance as it did when Detroit recently declared bankruptcy.
The irony, of course, is that the United States itself has been racking up its own colossal debts ... the largest bill in our nation's history.
So we can't help wondering whether places like Greece and Puerto Rico are merely proxies for the world's larger, more important economies ... including our own.
This is precisely what Brad Hoppmann has been trying to warn you about in his “Nuclear Summer” video — the idea that a culture of debt and money printing is about to come crashing back down on all of our heads.
The evidence Brad shows you is compelling ... his conclusions are pretty shocking ... and the recommendations at the end may very well save you a lot of financial pain over the next few months.
You've already seen how quickly the Greek crisis is spreading around the world.
Now just imagine what might happen if more of our own debt problems start coming home to roost!
Again, if you haven't seen Brad's “what to do” video, just turn up your speakers and click here now.
www.gliq.com/cgi-bin/clic...b+CFK-nuclearsummer-video
Sincerely,
The Uncommon Wisdom Daily Team