Hemingway wrote that a man goes broke "slowly, then all at once". We believe the same sentiment can be applied to governments. If fiscal abuses continue unabated, confidence eventually erodes until investors just stop lending. ... the U.S. [is] on the road to ruin, and the major governments of the world have noticed and are taking action.
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h/t: Zero Hedge [hittin' on all cylinders!]
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