Wednesday, October 14, 2009
US Is Insolvent, Batten Down the Hatches
As a follow-up on my previous post, here is a description which deals specifically with the grave — and frankly hopeless — financial situation of the US. Let me warn you that this is not pretty. If you have a faint heart, take your medication before reading. Crushing debt, a currency that grows more worthless by the day, a declining economy... but such is the way of all empires.