Tue
Mar
30

2010

U.S. will default in 12 months

My first bold if not foolish economic prediction.

Why not?

All the major prognosticators or professionally trained economic experts hold the view of an intact recovery.

Pay close attention to your bank. You’ll probably start noticing little changes. For example, any checks backed by the government: Federal money, US Treasury checks, local and state, for that matter all Dollar denominated transactions will have increased hold times to ensure the receiving institution receives ALL of the money before granting you access to 100% of the deposit.

Thought I’d get out there first with it. Good luck.

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