Duh.

Debts that can’t be paid, won’t be.  A little sanity from Michael Hudson.

(h/t Edward Harrison – twitter @edwardnh)

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2 Comments

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2 responses to “Duh.

  1. It’s kinda like pinball isn’t it: the score doesn’t count when the table is tilted……………………………………………time to start a new game anyway. Does anyone here know the details of the Soviet Union’s post break-up redistribtion of wealth program that gave everybody equal “shares”, in the form of chits, to the citizenry? I read somewhere that within a year the country was owned again by pretty much the same bureaucrats that ran the Union all along. My impression is that the ex-KGB guys formed the basis of the current Russian Corpocracy. How far off am I , exactly?

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