“Should the U.S. government default? Wrong question. The right question: Can the U.S. government avoid defaulting? The answer is clear: no. It will default. It is $222 trillion in the hole. That’s the present value of its future obligations. Of course it’s going to default. Would that be bad? Not for taxpayers. Would it be bad for the Powers That Be who run this country? Yes. Devastating. It’s coming. The mainstream media have ignored this statistically inevitable problem. The problem threatens the Establishment as no other. So, the media pretend it does not exist. But the blackout may at long last be cracking. We read this on PBS.”
Related posts:
Tampa RNC 2012 Arrest Video - Public Service Announcement
Sheriff defies NY Safe Act; will not release pistol permit holders' names
Rich Chinese and Russians Flock to Germany to Spend
Iraq's exiled vice president sentenced to death as violence grows
Defense Secretary Panetta admits the Pentagon and Clinton supported arming Syrian rebels
White House insists NSA surveillance review will be independent
Colombia Illegal Gold Mines Prosper in Global Rout
Harvey Silverglate: How Robert Mueller Tried To Entrap Me
Goldman Sachs quarterly profits more than double to $1.93bn
Ron Paul: Bitcoin could 'go down in history as destroyer of the dollar'
Britain considers life in prison for owners of ‘killer dogs’
'Rejoice: the Yellen Fed will print money forever to create jobs'
Amazon asks for laxer online shopping rules in India
Liechtenstein mulls lifting banking secrecy
Guardian teams up with New York Times over Snowden documents