Change the "Bank" in the attached cartoon frame to 'World' and/or 'China' and you will have the essence of what the future of gigantic, unsustainable, US Government debt...and the greenback, by extension...will be.
Our "full faith and credit of the USG" is now a crappy joke, and it will not be getting any better under the clownish politicos we currently have any time soon.
What cannot be paid back, will NOT be paid back.
The prudent mariner would be looking at diversifying OUT of the US Dollar and/or Dollar-denominated assets. precious metals are one way, but if you insist on holding fiat (paper) currency then may I suggest that Swedish Krona are looking even better than Swiss Francs these days.....
Sunday, 26 June 2011
So, you want a LOAN?............from Rico
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