no longer care

Savings, Debt and the Global Economy

I do recall reading warnings over a year ago when researching why I knew we were in a recession and being lied to about it, that China was coming to the conclusion it would be unable to continue purchasing US debt in the future.

AsiaNews and Bloomberg are both reporting that "US debt is approaching insolvency..." chaos to soon follow...

Now, I realize that the Pope is a notorious Doomer and thus, an unreliable economist at best, but "very short-term thinking" seems to be the common denominator.

www.asianews.it/index....

It's simple really, we have lost faith in such thinking.

Aftermath?