Some theorise that the fed has pulled the pin on the markets to make it easier to rally the USD and therefore meet the loan.
I say its a half-election year stateside and the powers that be will steady the boat methinks.
One thing -the "New World Order" worryers take note- is a VAT or GST for the USA. They have a untidy sales tax regime run by some states. Imagine how big the rake would be.
If I can hold in one hand the idea that the PIIGS crisis is a backdoor way to devalue the Euro and invigorate EU luxury exports (to the USA)... I can hold in the other that the US debt/tax crisis is a backdoor way to centralise more power in Washington DC.
...and all the G7 would like to gut the tax-havens somehow. Imagine the boost that could be.
