« Washing budget cuts a lie | Main | The Feds Niagra of money »

December 25, 2005

US debts spinning out of control

"The US economy is the world's greatest credit addict. It is mainlining debt at the rate of an irrecoverable addict and the rest of the world is feeding its habit. US financial assets held by foreign investors have climbed $US 212 Billion over the third quarter of 2005. Annualised, that's 848 Billion." More...

The US government has only one way to keep it's debt spending going, and that is to flood the world with money of biblical proportions.

Posted by Ray Hewitt at December 25, 2005 10:07 AM

Comments

Post a comment

Thanks for signing in, . Now you can comment. (sign out)

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)


Remember me?