The petroDollar system breaking down, where oil is no longer paid for in Dollars internationally, essentially would be the death knell to the US Dollar as the reserve currency. It means the US can't borrow with 'exorbitant privilege' anymore, and… — Addison Wiggin Copy Share Image
Counting obligations under Medicare and Social Security, the real debt of the United States is more than 10 times the reported national debt. — Addison Wiggin Copy Share Image
For those who unfairly lump Social Security in with Bernie Madoff, in all fairness, you should point out the difference. No one was ever… — Addison Wiggin Copy Share Image
The petroDollar system breaking down, where oil is no longer paid for in Dollars internationally, essentially would be the death knell to the US… — Addison Wiggin Copy Share Image
