Obama: U.S. in 'Serious Financial Crisis'

Ouch!
ooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo
This guy really tells you what is going on!



After reading Max Keiser I see it is follows:

$700 trillion = Bank debt / IOU* (global economy)
$060 trillion = GDP * (global economy)

*GDP (Gross Domestic Product)
* IOU (I owe you paper money)