I am surprised Finance Guy got beaten to posting this. T'was on Zero Hedge recently
This guy's clueless. Greece's total debt is 400 billion. Their default can be managed.
The United States' debt is 14.8 Trillion dollars and climbing. When Uncle Sam defaults who's gonna loan us 25% of the world's GDP?
This guy's clueless. Greece's total debt is 400 billion. Their default can be managed.
The United States' debt is 14.8 Trillion dollars and climbing. When Uncle Sam defaults who's gonna loan us 25% of the world's GDP?
China can cash in a fraction of the precious metals they are hoarding.
(Or more likely, demand all of ours as payment.)
This guy's clueless. Greece's total debt is 400 billion. Their default can be managed.
The United States' debt is 14.8 Trillion dollars and climbing. When Uncle Sam defaults who's gonna loan us 25% of the world's GDP?
Once debt to GDP ratio hits 150%, things get bad.This guy's clueless. Greece's total debt is 400 billion. Their default can be managed.
The United States' debt is 14.8 Trillion dollars and climbing. When Uncle Sam defaults who's gonna loan us 25% of the world's GDP?
This guy's clueless. Greece's total debt is 400 billion. Their default can be managed.
The United States' debt is 14.8 Trillion dollars and climbing. When Uncle Sam defaults who's gonna loan us 25% of the world's GDP?
The two situations are nothing alike for a million reasons.
Not the least of which is the fact that you have your own currency and can print money.
it's really funny how the critiques of Obama continue to shift.
first, he was a radical socialist leftist undermining the constitution.
now, he's not a leader? i thought he was turning this country into the soviet union? how do you do that without actually, you know, leading?
please, make up your mind.
first, he was a radical socialist leftist undermining the constitution.
it's really funny how the critiques of Obama continue to shift.
first, he was a radical socialist leftist undermining the constitution.
now, he's not a leader? i thought he was turning this country into the soviet union? how do you do that without actually, you know, leading?
please, make up your mind.
But sure, Obama is the undisputed debt king now.