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

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Marilyn Monroe Paulo Coelho Abraham Lincoln C. S. Lewis Khalil Gibran Charlie Chaplin Gautama Buddha Isaac Newton

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

Country Currency Death Dollar Essential Knell Reserve
No one was ever legally required to pay money to Madoff.
ADDISON WIGGIN

County Medicare Obligation Security Social
The real debt of the United States is more than 10 times the reported national debt.
ADDISON WIGGIN

Country Debt National
In all fairness, you should point out the difference.
ADDISON WIGGIN

Difference Fairness Out Point
It means the US can’t borrow with ‘exorbitant privilege’ anymore.
ADDISON WIGGIN

Anand Thakur
For those who unfairly lump Social Security in with Bernie Madoff.
ADDISON WIGGIN

Difference Fairness Lump Pay Security Social
The petroDollar system breaking down, where oil is no longer paid for in Dollars internationally.
ADDISON WIGGIN

Breaking Dawn Dollar Internationally Longer Paid Petrol System
Counting obligations under Medicare and Social Security.
ADDISON WIGGIN

Anand Thakur
And it means the US Treasury market is set for an out-of-control interest rate spiral.
ADDISON WIGGIN

Anand Thakur

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