Thursday, July 5, 2012

We’re Dealing With Government Lies & Misinformation

I agree with the author's dystopian take on the debt burdens of Europe and the US, including the notional value of derivatives held by the largest banks in the US.  Of course, the market value of said derivatives are worth far less than the notional derivatives, but the point is still taken that the global economy is severely over-leveraged and over-indebted.  These huge debt burdens are like an anchor tied around the neck of these economies, choking the life out of them.

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