Freedom Project

Thursday, August 23, 2012 13:17 

Today John Mauldin stunned King World News when he went into detail about events that will, “… be a shock to the world.” Mauldin, President of Millennium Wave Securities, also warned, “Nobody sees that coming.” Here is what Mauldin had to say: “The problem is the deficit. We hit the wall, I don’t think most people really understand how catastrophic it would be to hit that wall. It’s just something that we haven’t seen in the US. It’s not in anybody’s lifetime experience, and it would be ugly.”

John Mauldin continues:

“If you want to know what it looks like, go to Spain, go to Greece, go to Argentina. Go to any one of a couple hundred countries that have hit that wall. There is a wall. There is a limit. It’s more difficult this time. We’ve got a deeper, bigger problems.