MEXICO ECONOMY ON VERGE OF COLLAPSE
FRESH PLAZA
Prensa Latina
March 1, 2007MEXICO ECONOMY ON VERGE OF COLLAPSE
Mexico, Mar 1 (Prensa Latina) Contrary to official opinion, Mexico's economy is nearing collapse, said Mario Di Costanzo, member of the work group of opposition leader Andres Manuel Lopez Obrador.....
LINK TO REST OF ARTICLE:
http://www.freshplaza.com/2007/0302/ec_mx_economy.html
David Wilkerson's Economic Word
http://www.fivedoves.com/letters/mar2007/sherry35.htm
MEXICO ECONOMY ON VERGE OF COLLAPSE
Very soon a European or North African or Eastern nation is going to default on its international loan and when that happens, within two weeks, Mexico is going to default. Mexico owes $100 billion ---80% of it to American banks---and here's what is going to happen: about two weeks after the first country goes bankrupt, (we're going to survive that, because most of that (money of the first country) is owed to European banks---German, Swiss and French banks) but a second country is going to go down, probably Argentina or Brazil, and we'll kind of live that down and say: "Well, maybe it's not going to hurt," but two weeks after the first country goes down, Mexico's going to default on $100 billion.And when the banks open the next day at 9 in the morning, $15 billion an hour is going to be withdrawn from our American banks -they're going to be running our banks---the Arabs---all the Latin American countries, they're going to be running our banks--and before the day is over, the U.S.A is going to have to declare a "bank holiday."
SIX MONTHS OF HORROR:
http://www.fivedoves.com/letters/mar2007/sherry35.htm
Maranatha!
Deborah
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