Prediction No. 8

Once any nation's yearly fiscal deficit exceeds 120% of its yearly GDP, which would result in the interest to be paid on that government's total debt obligations exceeding twenty percent of its yearly GDP, that nation technically shall go into default. This is so because the interest on the nation's total debt can no longer be paid timely to all of the known owners of the nation's debt. And if this condition continues for several fiscal years, the country itself will have to go bankrupt, declaring its insolvency to all its debt owners, because the nation could never be able to pay off the entire principal on its obligations when they shall become due, and none would be willing to purchase any more of that nation's future debt obligations. This bankruptcy situation shall be happening in the US within the next twenty-five years. But because the owners of the US debt obligations won't be citizens of the United States (they'll be the sovereign funds controlled by other nations), the owners of US debt in default will effectively own the US and shall have an unobstructed access to all of the US A's national assets. USA assets will be auctioned off to pay these foreign creditors.