ComingCrisis.com

So i was watching 60 minutes this evening and one of the stories caught my eye, it is what we have been preaching for a year now and the reason this blog was started. Read (What Were All About Post)

David Walker is the US Comptroller General and he is doing an Al Gore across America. This may have been the best report i have seen on this subject. It is an essential video to watch.

The one thing that was not addressed in the video was that the US is not the only one facing this issue, other countries facing this issue is the UK,Germany, Australia, France and the one with the biggest exposure is Canada. With 85% of exports going to the States and it’s own Canadian Pension Plan Underfunding as well as a medical plan that is underfunded, Canada faces the biggest risk out of all industrialized nations.

Last Time i checked these were the G8 nations.

United States

Japan

Germany

United Kingdom

France

Italy

Canada

Russia

Out of these countries at least 5 of them are exposed to the baby boomer crisis, and the underfunding of medical and social programs. Last time i checked when the top 5 countries in the world start going into an economic decline i think they call that a depression.

Everything is not doom and gloom though, look out for our up coming posts on how to benefits from a depression and strategies to make money when the economy collapses.

Watch the Video Here