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Tuesday, October 16, 2012

What Can We Cut To Balance The Budget?

A simple two minute walk through in the video below that hopefully helps some people see that America's "Greek moment" is already built in. There is not even a discussion to make changes in what you see here, never mind the actual will to do something.

What holds the US debt markets in place, currently resting at prices that will soon be understood to be at the greatest bubble in history, is confidence. Nothing more.

As always there will be a select few that are on the correct side of this coming change, a wealth transfer, while most will be caught off guard and lose almost everything.