This is what is going to happen in America if we don't reverse the curse of debt we are living under. I know this is esoteric, but the crushing global debt in Argentina destroyed the economy and eliminated the middle class in ten years. A path we are on right now. The net result will be a very small very wealthy class and a huge dependent poor underclass living on the edge of poverty. The USA is headed this way RIGHT NOW!
www.bloomberg.com
Argentina will later today unveil its plan to restructure $20 billion in defaulted debt held out of a 2005 settlement, a move that may allow the country to access international debt markets for the first time in almost a decade.
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