roubini maps out nightmare debt scenario

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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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jimk

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roubini maps out nightmare debt scenario

posted on Nov 19, 2010 04:28PM

we know venezuela is screwed, but isn't europe and the us worse off. i mean after all venezuela is not thirteen trillion in debt. over a hundred trillion if you count the unfunded obligations.

http://www.cnbc.com/id/40271476

http://en.wikipedia.org/wiki/United_States_public_debt#Long-term_risks_to_financial_health_of_federal_government

we can't go on like this. someday venezuela will wake up to the fact they are sitting on a gold mine, where gold will be the real currency of the world.

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