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California breaks into the top ten

Submitted by Roanman on Fri, 05/14/2010 - 06:07


According to

Joining Venezuela, Argentina, and Greece among other notable bastions of fiscal responsibility, California sprints into the top ten list of likely international deadbeats with a very impressive 20% probability of default.

Can Sam be far behind?

Not a chance!!!!!

Owning your own printing press is a good thing ... for everyone but savers.



To quote Bill Bonner

Submitted by Roanman on Tue, 05/11/2010 - 06:17


Bill Bonner at the Daily Reckoning does a nice job here in analyzing the Greek debt crisis simply, and with the possible exception of a central banker or your garden variety EU bureaucrat, in language anybody can understand.

Click anywhere on the quote for the entire piece.


Greek communists are usually a reliable bastion of error and darkness.

Their ideas are appalling.

Their proposals are absurd.

The only thing they are not wrong about is their opinion of the ruling classes - whom they regard as morons.

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