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The top indebted countries
3 years ago
| Government & Politics

The media and politicians have told since the beginning of 2013, the euro crisis is over and everything is looking good again and going upward with the markets.

Wishful thinking and pure deception only.

Nothing could be further from the truth.

The euro zone can not be kept together, and it would surprise me if the end of 2013, the countries are still the same in the common currency.

The real salvation for the Southerners is only the exit from this coercion which destroyed them.

The situation in the United States is convulsively glossed.

So sits Washington on debts of almost USD 17 trillion every day to increase by 3 billion.

The unfunded long-term liabilities of the United States even reach astronomical USD 120 trillion.

The hedge fund legend Stanley Druckenmiller the day before yesterday in a CNBC interview said: 'The interest on our debt killing us!'

In fiscal 2012, the U.S. paid 360 billion just for interest.

In fiscal year 2013, beginning last October, the United States has to pay USD 150 billion in interest on the debt.

How well could this insane interest payment for meaningful projects benefit the society, rather than to give the greedy moneylender's for nothing !

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