Sunday, September 21, 2008

Default by the US government is no longer unthinkable

Power has tangibly shifted - away from the United States and the Western world generally, and towards the fast-growing giants of the East. That's been happening for some years now. But September 2008 marks the moment when the scale of our excesses, the extent of our debts and the bankruptcy of our regulatory system finally began to be exposed.

read more | digg story

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