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October 21, 2016

The entirety of the world economy is built on one thing.

That is the rock solid belief that the US government will never miss a debt payment and never devalue the dollar to arrest its debt.
The entire global economy is built on the asset value of US Treasuries. If there ever comes a time when people begin to doubt the security of that debt, the panic will plunge the world into a new dark age or possible something worse. I Bring Bad Tidings | The Z Blog

Posted by gerardvanderleun at October 21, 2016 8:19 AM. This is an entry on the sideblog of American Digest: Check it out.

Your Say

Reduce ALL spending by 75%.
Cut ALL taxes by 75%.
Reduce ALL gov't employees by 75%.
Sell 75% of ALL gov't assets to the highest bidder.
Reduce ALL politicians to just 1 representative from each state.
Sell ALL gov't holdings outside the continental US to the highest bidder - yes, that includes alaska and hawaii.

Posted by: ghostsniper at October 21, 2016 8:46 AM

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