Exorbitant Privilege

While the Debt Keeps Heading North: 103%

by Mike January 30, 2013

Yessireee Bob, the debt to GDP ratio is now sitting at 103%, aided and abetted by that downward revision of GDP – Thanks, Obamanomics! Add in the fact that we are creating 4 Trillion of new debt each year (3 Trillion rolled over and 1 Trillion net new), which is 25% of GDP(!), those warning […]

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Exorbitant Privilege vs Pushing On A String: The Decline Of The Dollar

by Mike January 21, 2013

It can’t happen here; We’re too big (to fail?); The whole world wants Dollars; We could never become The Weimar Republic/ Zimbabwe/ Greece/ 1960s Britain… After all, OUR financial wizards are too smart to let that happen! Not so much! Just because Ron Paul has been telling us for a long time that the Federal […]

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