Kerry Lutz of the Financial Survival Network spoke with Andy Hoffman for a dismal look at the state of the world’s economy. Not much good news to be had in Europe, certainly very little in the US and it’s a bit discouraging that Communist China has become the hope of the free world. There’s a massive race to the bottom in Europe and there’s nothing that can be done about it. The US is in complete denial over its own dire financial situation. 46% of every federal dollar spent is borrowed. The US’s deficit is coming in around $5 billion per day in Fiscal Year 2013. When will financial sanity happen? The only sanity left in the world is buying gold and silver.
