Preparing for Economic Disaster

Civil Defense Perspectives July 2012, Vol. 28 No. 5

An obscure 1984 newsletter than I unearthed while cleaning out a filing cabinet predicted fiscal armageddon, followed by a world government, because of a Third World debt crisis.

It was said that a default would collapse the entire international banking system. At the time, the total debt of the four largest Latin American countries was: Argentina, $38 billion; Brazil, $88 billion; Mexico, $82 billion; and Venezuela, $31 billion. Continue reading