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