Tuesday, February 03, 2009

An Inconvenient Debt

This is a little disturbing.


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2 comments:

Anonymous said...

Holy crap. Or just CRAP. Scary stuff and he's right, this will be left behind for future generations...

1:25 PM
Pete Bauer said...

Yeah. I watched an additional program that says if our "friends" (China, Russia) stop loaning us money, we'll have to borrow it from ourselves.

Which means interest rates will rise.

Which means the cost of the "stimulus" will increase with every interest rate hike and inflation.

Yeah, scary.

1:48 PM

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