The End Is Nigh

It's no secret that Standard & Poor's downgraded the credit ratings of nine euro-zone countries recently.

France was downgraded to a level not seen since 1975. Italy is now considered the same credit risk as Kazakhstan. Portugal's credit has been pushed into junk status.

"This is not a catastrophe," the French Finance Minister told his people. "But it's not good news."

Not good news, indeed. It's the latest proof that the mother of all financial bubbles is just now starting to pop.

Because of the recent events across the euro-zone... and even right here in America... we believe that come very soon, the world will change forever.

Governments will be called into question. Currencies will die. A lot of people will lose a lot of money. And worse, people around the world will stream with anger they've never felt before.

Downgrades, we've always said, will just be the start. The real pain comes next...