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The good news is that all of the so-called "PIIGS" countries are bankrupt. And all the other world economies are bankrupt as well. The bad news is that none of them had courage to admit this reality, but probably we won't have to wait too long for the truth expansion. The best news is guess what? No matter how much money monster devoured, Crimzilla is bankrupt too! Talking about the recent bank bailout by the Federal Reserve in his amazing show, phenomenal Max Keiser sums it up so well: "The IMF is bankrupt, not the PIIGS."

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What happens next if the state can go bankrupt?

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