Get your money out of Spain/Spanish banks - Spain is insolvent

Ad Majorem.....Wealth Builders

Repost from Newsmax | May 17, 2013

Get your money out of Spain/Spanish banks  -  IMF has declared Spain to be insolvent.  Spain has also figured to have the highest unemployment rate of 27% (or 6 million Spaniards out of job) or nearly equal to that of Greece.

Spain's debt will grow from 84. 1% of GDP last year to 110.6% of GDP  in 2018.  That means a huge amount of debt servicing requirement.  Prudent borrowing limits would just place it at mere 30%.  USA in comparison would be almost the same.  Japan has also borrowed to the hilt at more than l00% of GDP but these are all yen denominated.

Spain and Portugal hopes for a European Union bank that will help them recapitalize their failing banks

Is the Nokor threat real? Will there be a war?

Ad Majorem.....Wealth Builders

Is the threat of war real?  Should US and SK dismiss this announcement as mere saber rattling?

How will this affect stability of the world?   Nokors are known to do what they promised to do or even do things which they did not promise.  That is the nature of the new leader.

Will this affeect the capital markets?

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Rickards: Global Monetary System Headed for Collapse

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From: Moneynews.com <newsmax@reply.newsmax.com>
Date: Fri, Feb 8, 2013 at 5:14 AM
Subject: Rickards: Global Monetary System Headed for Collapse

Rickards: Global Monetary System Headed for Collapse URGENT: Secret 'Financial War' Will Wipe Out Your Wealth, Warns Pentagon Adviser States Consider Accepting Gold, Silver Coins as Tender Market Experts: Private Capital Markets Will Grow at Expense of Public Markets More Links: Obama Inauguration Fuels an 'Aftershock Awakening' The Single Stock Ben Bernanke Bet His Fortune On 'I Wish I Were Wrong' — Economist Laments Prediction. See Interview This email is never sent unsolicited. You have received this email because you subscribed to it or someone forwarded it to you. To opt out, see the links below. TO ADVERTISE For information on advertising, please contact Newsmax Advertising Sales via email. TO SUBSCRIBE If this email has been forwarded to you and you would like to sign up, please click here. Remove your email address from our list or modify your profile. We respect your right to privacy. View our policy. This email was sent by: Moneynews.com and Newsmax.com 1501 Northpoint Parkway, Suite 104 West Palm Beach, FL 33407 USA 1501404 125B7-1

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Jorge U. Saguinsin
To "be the best, do your best, expect the best" always