The black hole into which we have all stepped is the result of unthinkable amounts of credit bestowed upon us by mad governments. The extent of irresponsibility involved is monumental. There is no way out and the music is about to stop. Latest horrendously bad economic news. Creep Du Jour: Larry Summers (as seen by Bill Bonner). A word on gold. The Paris terrorist attacks. Solvency of the U.S. government in question. The Fed’s zero interest-rate policy has spawned a grave U.S. debt bomb. The terrible consequences of allowing the TPP to pass.
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