"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Debt Exceeds $100 Trillion as Governments Binge
Submitted by Emmett Harris on Tue, 2014-03-11 00:00
“Borrowing has soared as central banks suppress benchmark interest rates to spur growth after the U.S. subprime mortgage market collapsed and Lehman Brothers Holdings Inc.’s bankruptcy sent the world into its worst financial crisis since the Great Depression.” More debt and wothless money … what could go wrong?
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