"Financial Armageddon: Are We In For A Big Surprise?"

While consumer confidence soars to new heights, some experts are painting a much darker picture. Is deflation, depression, and financial Armageddon in our future? Yes, predicts former Reagan White House Budget Director, David Stockman.

Stockman believes, "The world--certainly the United States--is at a great inflection point in human history. The massive credit inflation of the last three decades has reached its apogee and is now going to splatter spectacularly."

What will that mean for me, you ask?

According to Stockman, "This will have lasting ramifications on how governments tax and regulate you, the type of work you and your family members will have available and what you get paid, the value of your nest egg, and all other areas comprising your quality of life."

Record high stock and bond prices are flashing danger signs to Stockman. His opinion? The coming "market crash will be a doozy!"

Next month marks the 10-year anniversary of the 2008 financial crisis and Stockman isn't the only one sounding the alarm. Financial analysts (and partners) Jim Sinclair and Bill Holter also see an implosion in the works.

"This is the beginning of something few expect," Sinclair explains. "This has very little to no precedent in history. The system has been unwinding for a significant amount of time."

Financial writer John Rubino agrees: "The crisis (in emerging markets) eventually works its way all the way to the middle, which is what happened after the housing bubble burst in 2007. It was just sub-prime mortgages to begin with, which was not really a big deal, but eventually it became a near-death experience for the entire global banking system. Since that time, instead of getting our financial house in order around the world we basically kept on borrowing money.  Now we have almost twice as much debt globally as we had in that debt-driven global financial crisis. So you can expect the next one to be bigger, scarier and more dangerous."

Meanwhile, the U.S. Debt Clock ticks relentlessly on with numbers too astronomical to wrap our brains around.

So while consumer confidence soars to new heights--unfortunately, so does our national debt.

A wise man once said: "There is no pain-free option when you borrow too much money." -- John Rubino

"Don't store up treasures here on earth, where they can be eaten by moths and get rusty, and where thieves break in and steal. Store your treasures in heaven, where they will never become moth-eaten or rusty and where they will be safe from thieves. Wherever your treasure is, there your heart and thoughts will also be...But seek first the Kingdom of God and His righteousness, and all these things will be added to you." Matthew 6:19-21, 33

How To Go To Heaven

News

• Russia News TASS: Russian lawmakers suggest deploying nuclear weapons in Syria in response to U.S. sanctions.
• MoneyWise: Fed reports U.S. household debt totals $13.2 trillion; average household owes $130,000.
• CNBC: Pending home sales fall for a seventh straight month; buyers struggle to find affordable homes.