by Greg Hunter, USA Watchdog:

Precious metals expert and financial writer Bill Holter says there is a long list of financial trouble coming to America sooner than later.  There is the commercial real estate implosion, rising interest rates, an exploding federal budget, banana republic political problems, but the at the top of the list is the monster unpayable debt problem and the soon-to-be failing U.S. dollar.  Holter says, “You can’t have a third of the federal taxes paid out in interest, and that number is only going to grow over time. . . . If the markets would not collapse ahead of time, which they certainly will, but if they did not, we would get to the point where the interest would eat up all the tax receipts.  That is a mathematical impossibility.  We’re broke.  On the other side of it, we have two rules of law.  We have one rule of law if you are a liar from the left and another rule of law if you are a conservative and you don’t support the bull crap rules they are putting out there. . . . This is an illustration that this country has already become a banana republic.  The problem with that is the dollar issued by this country is the world’s reserve currency.  It’s a huge problem.”