No one was ever legally required to pay money to Madoff.
ADDISON WIGGINThe real debt of the United States is more than 10 times the reported national debt.
More Addison Wiggin Quotes
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It means the US can’t borrow with ‘exorbitant privilege’ anymore.
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The real debt of the United States is more than 10 times the reported national debt.
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Essentially would be the death knell to the US Dollar as the reserve currency.
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In all fairness, you should point out the difference.
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For those who unfairly lump Social Security in with Bernie Madoff.
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The petroDollar system breaking down, where oil is no longer paid for in Dollars internationally.
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Counting obligations under Medicare and Social Security.
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And it means the US Treasury market is set for an out-of-control interest rate spiral.
ADDISON WIGGIN