Stacy Summary: Eco-eco unrest. Iceland was the first government to be ousted in the 21st century over the economic collapse; will Pakistan be the first to be overthrown over ecological collapse?
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Stacy Summary: Max Keiser gets quite a cool mention in this one. Would love to hear your thoughts below on the argument of not paying!
What if Greece, and the Pennsylvania school system, and Jefferson County, Alabama, and the countless other municipalities and states that are wrapped up in these corrupt deals just decided to declare their debts illegitimate and back out?
UPDATE:
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Posted in Headlines
Tagged alabama, goldman sachs, greece, jp morgan, no payment movement
Stacy Summary: Swaps wiping out counties, countries and financial systems across the world . . .
“People want to kill somebody, but they don’t know who to shoot at”
Jefferson County’s debacle is a parable for billions of dollars lost by state and local governments from Florida to California in transactions done behind closed doors. Selling debt without requiring competition made public officials vulnerable to bankers’ sales pitches, leaving taxpayers to foot the bill for borrowing gone awry.
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Rick Ackerman
Karl Denninger – Market Ticker The Big Picture Mish David Morgan King World News SmartKnowledge GoldCore
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A Lightning War for Liberty
