Thursday, February 5, 2009

I Told You This Would Happen. It Will Get Worse.

If the country is still in a position to borrow money from strangers, the credit card companies are going to line up for the next billion dollars from you to pay them back for loans that your next door neighbor took out and they can't afford to have defaulted on. To the tune of around a trillion more dollars. Already the rumblings of increasing defaults are getting louder

Pretty soon, we'll be talking about real money.

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