Disturbing Trends

Tuesday, November 24, 2009

US Debt Tsunami

The US debt emergency is coming, and it is a man made Tsunami – after the erasure of an accumulation of massive fictional wealth – the complex debt structures borrowed with leverage against assumptions that have resulted in systemic deficiencies and bailouts – and may result in the collapse of one set of rules in favour of a new set.

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Labels: US economy


posted by Nicholas at 3:34 PM Digg this

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Name: Nicholas Alexander
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Previous Posts

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