Thursday, July 28, 2011

Bankers are slow witted or utterly dependent

The Treasury has so far refused to make public any contingency plans for the event that there is no rise in the debt ceiling.  Yada Yada FT
Study from the European situation. The game plan is to find a middle class willing to insure socialist bankers.

But what is the real question they are asking?
Will congress and the Fed hyperinflate. Sure, if no middle class volunteers.

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