Image via WikipediaAs usual, Steyn says what we've all been thinking, and says it best.
Sunday, January 30, 2011
Quote of the Day: "If you live by debt, you die by debt"
Image via WikipediaAs usual, Steyn says what we've all been thinking, and says it best.
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2 comments:
according to porter stansberry at dailywealth.com, if the US govt were to tax every individual 100% of their income it would not be enough to pay the interest without the help of inflationary policies.
OUCH!
brad
There is another option for countries in debt that the normal citizen does not have. Devalue the currency. If the US dollar were worth 5 cents the debt would be suddenly manageable again. This is what they are trying to do. All they have to do is convince the world they will keep printing money forever.
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