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News Link • Economy - Economics USA

Denninger: Our Douchebag Government - Midyear Debt Update

The "establishment" folks know damn well this is in the cards, which is why they're scrambling to lie, lie and lie some more lest you figure it out and hold them to account. They're well-aware that while most of the time the "elites" manage to do just fine there are historical exceptions when extreme imbalances are cranked too far and the arrogance of the elites continues beyond all reason. Hold a seance and ask Marie Antionette's ghost about the consequences of such actions and how quickly they can appear.

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