A fascinating must-read from our friends at ZeroHedge.com. Manmohan Singh contends there is simply not enough collateral to keep the global monetary system afloat.
Really? Is it any wonder that this would be the outcome of our elected officials continuing to spend trillions more than we take in?
In this election year, there will be a resounding push from Democrats to raise taxes on the ‘rich’.
The problem is, the bureaucrats have wasted the trillions they’ve already taken in from the ‘rich’ and there is simply not enough money left in the hands of the rich to overcome our massive debt.
And even if they raised taxes on EVERYONE, do you think they will curtail their spending???