The coming collapse

Check out this column.  When Moody’s announces that the US is approaching the point of losing its AAA bond rating, you would think the implications of this would be headline news.  The government is facing the prospect of paying much higher interest rates to refinance the current debt and borrow even more.  Of course, there is always the option of selling the debt to the Fed and stoking the fires of hyperinflation.  It’s going to be a fun ride!

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