IMF Bailout of the United States Coming?
05/11/2008 § Leave a comment
The growing US debt is the number one problem facing the world today. The US , the issuer of the world reserve currency, the US dollar, is the world’s number one debtor and its borrowing needs have now reached the point of threatening global economic stability.
The growth of US deficit spending combined with tax cuts has transformed the US into a debtor unable to pay down debt without borrowing more. According to Hyman Minsky’s Financial Instability Hypothesis, debtors finance debt by either by hedge, speculative, or Ponzi finance. The US is now using Ponzi financing to do so.
GET OUT WHILE YOU STILL CAN!!