Wednesday 21 September 2016

link

https://itunes.apple.com/us/app/offshore-banking/id1059716550?mt=8
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Banking in the the Western world is in dismal shape. It is a fact. Global Finance says, as of this writing, that of the 50 safest banks in the world, only three (3) are located in the United States. Of the three that are, one US bank is number 30, one is number 45 and one is number 50 on the list. All three are small regional farming banks. There is not one major US national bank on the list. Not one.

USA: Deep in Debt
Think about it. The USA is the most in-debt country in the world. No other country comes close. Of the four countries with the greatest national debt burden, the US has twice the debt of number two UK and about three and a half times more than numbers three and four France and Germany. So, the above opening statement is not some attention-getting headline. It is pure fact based on solid evidence. Moreover, not long ago the USA had its credit rating downgraded by Standard & Poor’s, the most respected corporate and government credit rating agency in the world.