Friday, July 29, 2011

We Defaulted Long Ago...

...the absolute best piece I have read all month. Period. Hot off the Zero Hedge press and a must read.

http://www.zerohedge.com/news/guest-post-country-defaulted-long-ago?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

1 comment:

conservativesonfire said...

That really is an outstanding article. It's true. the US defaulted a long time ago; it's just that nobody has clled us on it yet. One has to believe that those awash with dollars and US bonds are quitely selling off the bonds in a manner as not to to crash the dollar and then are taking all their dollars and buying hard assets. china is buying up every kind of commodity under the sun. They are buying farm land and factories and mining properies all over the world. The end is near and our boys and girls in Washington are still playing games. It makes me want to SREAM!!!