“And it means the US Treasury market is set for an out-of-control interest rate spiral.”

It means the US can’t borrow with ‘exorbitant privilege’ anymore.

Counting obligations under Medicare and Social Security.

No one was ever legally required to pay money to Madoff.

Essentially would be the death knell to the US Dollar as the reserve currency.

The petroDollar system breaking down, where oil is no longer paid for in Dollars internationally.

In all fairness, you should point out the difference.

For those who unfairly lump Social Security in with Bernie Madoff.

The real debt of the United States is more than 10 times the reported national debt.

Each night about this time he puts on sadness like a garment and goes on writing.

Lucretius, who follows [Epicurus] in denouncing love, sees no harm in sexual intercourse provided it is divorced from passion.

The evil that we know is best.

The journey of a thousand leagues begins with a single step.

I moved there when I was 19 so I developed a close knit group of friends

Joylessness may be the sin most readily tolerated by the church.

Give assistance, and receive thanks lighter than a feather: injure a man, and his wrath will be like lead.

The fire in your bones, will fuel the light in your heart that will make flowers bloom from your soul.