Sunday, January 03, 2010

US Debt - a Ponzi scheme?

Read this editorial in The Nation.

3 comments:

  1. The really good time to invest in US companies is when the dollar crashes.

    But it seems that the buyers of US debt aren't in any pressure to get back their money.

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  2. If you owe the bank $1,000 it is your problem.

    If you owe the bank $100 million, it is the bank's problem.

    Seems like those who bought US treasuries will be having problems.

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  3. till the mad cows come home

    ReplyDelete