bombadil.360
Whew!
Boy that's a relief. For a while there I thought we might be in for a bit of rough sledding, what with all the banks that can't meet bond roll-overs and whole countries defaulting and trillions of dollars in worthless derivatives hovering in the ethereal mists.
I guess as long as the central banks keep the printing presses rolling we should be fine, right? Just keep paying that debt with fresh money. As long as the banksters keep issuing and buying debt and keep adding it to the taxpayers tab, what could go wrong?
I mean, it's not like we'll ever run out of money to pay em off...
Like Greece.
mrcreosote,
first of all you, you know you're not an idiot, so why are you pretending?
you know damn well that Greece got fucked because they did not put in anything of value into the economy except for their own Hubris. much like U.S.A today.
and yes, keep paying with imaginary money, everyone is doing it, in fact, everyone has always done so!
so because it is your time to fall (assuming you're a u.s.a citizen living in u.s.a), it means the end of the world?