Thursday, April 26

For those who want to understand the US Debt

I know, I know, there are elements of the reserve currency bits and and and other macroeconomic stuff, but hey, this is one way of simplifying it. Go figure. And if you want to see who was responsible for converting a 6 trillion surplus into a 6 trillion deficit, read on?

Its like the entire American political class has its collecting heads up where the sun doesn't shine.

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