Nobody. The fact is we are in a deflationary spiral of debt default. Corporate, sovereign, municipal, mortage, asset backed and credit card debt can not be repaid as the incomes to service them is dropping like a stone. Be it Ireland or California government revenues are collapsing. The state incomes are being squeezed out of people by force of law but just imagine the falls in corporate revenues.
This has a way to go before everyone grasps what the implications are. One thing is sure though, the welfare state as we know it is finished.
Rhonda, lets see the global agenda go for broke tomorrow in DC. |