Belmont Club

By Richard Fernandez

Bio

Get Updates From Richard Fernandez
A Comment About

Gone With The Wind

October 20, 2010 - 5:11 pm - by Richard Fernandez
steeple
2010-10-20 18:11:17

as has been suggested here before, it’s much easier for government to renege on its obligations to anyone other than their bondholders. anyone in receipt of an IOU that is not a public debt instrument from either the Federales or any state govt needs to realize that they are not holding AAA paper.