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

(h/t Edward Harrison – twitter @edwardnh)



Filed under Uncategorized

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?


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s