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