Sunday, May 15, 2011

What If the U.S. Treasury Defaults?

Fascinating article on what could happen if we default or continue down the road of monetary madness. Worth your time. Can't help but wonder if anyone is paying attention in the white house?

A financial crisis is surely going to happen as big or bigger than the one we had in 2008 if we continue to behave the way we're behaving," says Stanley Druckenmiller, the legendary investor and onetime fund manager for George Soros. Is this another warning from Wall Street that Congress must immediately raise the federal debt limit to prevent the end of civilization?

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