Added Debt Won't Rescue the Great American Ponzi Scheme [View article]
Amen brother amen! The pain cannot be escaped. You can pay it now or pay it later. Guess which one will hurt more. I feel we are headed for a train wreck but may Grace and wisdom intervene for a more benign scenario. (I especially liked the graph of deposits in failed banks as a % of nominal GDP.)
Added Debt Won't Rescue the Great American Ponzi Scheme [View article]
(I especially liked the graph of deposits in failed banks as a % of nominal GDP.)