Dont be fooled by fund managers opinions-they have a vested interest in keeping money at risk. 'Buy and Hold' should now be 'Buy and Fold'. The most shocking forecast came from one of the world's most respected institutions — I am talking about the Bank of International Settlements. Its the central bank of central banks! The BIS provides proof that the sovereign debts of the United States are worse than the sovereign debts of PIIGS countries like Ireland and Spain. The BIS says the government debts in Spain are 73% of GDP and the debts in Ireland are 83% of GDP. In the U.S., they're even bigger — 90% of GDP. But that's nothing in comparison to what they're projecting for the future. The BIS says that, if the U.S. government allows current trends to continue ... The government debt burden in the United States will soon be worse than the debt burden in Greece! Ultimately, the debt burden in the U.S. will reach 400% of GDP, more than triple the debt burden of Greece today. And this is not any forecast; it's the projection from the Bank of International Settlements. It's no secret the economic data in the U.S. and other major economies have rolled over. That's why bond yields have taken another nose dive — hitting record lows in Germany and nearing record lows in the U.K., the U.S. and Japan, The bond market is telling you directly ..."Forget the thoughts of recovery and hunker down for more economic pain and crisis." No matter what you do, I urge you to stay open minded and think dynamically going forward. That means not accepting the status quo, not accepting mass hysteria, not following old models and old economic rules, Period. That will be the only true way to both psychologically and financially survive not just the next few months, but also the next few years.