marc faber on lateline now, page-45

  1. 1,446 Posts.
    Tell you what , google cascading cross default , or Letters of credit , then add that to Govt. credit guarantee. Now draw your own conclusion. Then , remember or 'Future Fund had 20 bill, and we gave the Yanks 12. Now draw your own conclusion.Then remember massive losses of net asset value , rising unemployment , a rapidly aging population, paired with our 'handout' way of life , and draw your own conclusion...
 
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