- Infowars - http://www.infowars.com -
Top Ratings Agency Warns Austerity Riots Could Hit America
Posted By admin On March 16, 2010 @ 12:43 pm In Featured Stories,Old Infowars Posts Style | Comments Disabled
Paul Joseph Watson
Tuesday, March 16, 2010
Top ratings agency Moody’s has predicted that the U.S. and the UK could witness similar riots to those seen in Greece in response to emergency austerity measures imposed by governments in an effort to retain their AAA credit status.
“Growth alone will not resolve an increasingly complicated debt equation. Preserving debt affordability at levels consistent with AAA ratings will invariably require fiscal adjustments of a magnitude that, in some cases, will test social cohesion,” said Pierre Cailleteau, the chief author of the report.
Soaring debt costs will undoubtedly force governments to continue to devalue their currencies in a desperate attempt to reduce the burden.
This will inevitably result in runaway inflation that will devastate the value of major currencies and eviscerate savings and pensions. The cost of living will accelerate and taxes will be raised as the people continue to foot the bill for a wealth transfer amounting to trillions that has been plundered by the offshore banking elite.
The only way to protect yourself against this approaching financial tsunami is by swapping crumbling paper money for gold bullion, which has proven to be a safe store of wealth for thousands of years.
We were laughed at for urging people to buy gold to protect their savings when it was at a mere $300 and the world was drunk on the illusion that the stock market bubble would continue to inflate without a crash. Whereas the Dow Jones has returned to its level of a decade ago at just above 10,000, gold has quadrupled in value in that same period.
With currencies being attacked from every angle as the financial recovery grinds to a halt due to governments being forced to impose austerity measures, we continue to invite people to take a positive step in countering the continuous assault on their wealth by the central banks by repositioning a sensible portion of their savings into physical gold bullion.
With the current economic conditions you cannot afford to be uninformed. Bob Chapman’s International Forecaster is the foremost in financial and economic newsletters. Published twice a month by surface mail or 6-8 times a month by e-mail, you won’t want to miss a single issue of this newsletter. For a limited time Midas Resources and The Alex Jones Show are offering to you a chance to get a FREE one year subscription to the International Forecaster!
When you purchase the Gold Franc containing a fifth ounce of gold, at an exceptional price from Midas Resources, you will also receive a full one year subscription of the International Forecaster ( $159.95 value) FREE!
Call Midas Resources to get this special limited offer today at 1-800-686-2237 and tell them you got the email offer from Alex Jones or purchase it now by visiting the GCN website.
Article printed from Infowars: http://www.infowars.com
URL to article: http://www.infowars.com/top-ratings-agency-warns-austerity-riots-could-hit-america/
Copyright © 2015 Infowars. All rights reserved.