Sunday, November 18, 2012

We are all in debtor's prison - Zero Hedge: "Europe's depression, Japan's disaster, and the world's debt prison."  "A great bet is underway, a poker game with stakes in the trillions, between those who are buying time with central bank money and believe that they can continue as before, and the others, who are afraid of the biggest credit bubble in history and are searching for ways out of capitalism based on borrowed money."

1 comment:

Bram said...

Do they think that there is some technological or medical breakthrough just around the corner? One that will eliminate the need for Social Security, Medicare, etc... How else could that debt ever hope to be paid off?

But our same leaders who can't borrow enough also license and regulate new technologies to death.