News commentary and predictions of political trends and what the future holds

US Debt Tsunami

November 24, 2009

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.

More

Leave a Reply