And it means the US Treasury market is set for an out-of-control interest rate spiral. ADDISON WIGGIN Anand Thakur
Essentially would be the death knell to the US Dollar as the reserve currency. ADDISON WIGGIN CurrencyDollarKnell
The petroDollar system breaking down, where oil is no longer paid for in Dollars internationally. ADDISON WIGGIN BreakingDawnDollarInternationallyLongerPaidPetrolSystem
The real debt of the United States is more than 10 times the reported national debt. ADDISON WIGGIN DebtNational