The Traderszone Network

Published in TZ Latest News 12 July, 2015 by The TZ Newswire Staff

‘Greek’ Finance In America: Pensions, Medicaid, & Entitlements Will Bankrupt State And Local Governments

Submitted by Charles Hugh-Smith of OfTwoMinds blog,

The template of over-indebtedness as a response to soaring obligations is scale-invariant, and it always ends the same way: default.

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