
![]() the American Dream
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Most Americans, including the presidential candidates and the media, are unaware that the US government today, now at this minute, is unable to finance its day to day operations and must rely on foreigners to purchase its bonds. The government pays the interest to foreigners by selling more bonds, and when the bonds come due, the government redeems the bonds by selling new bonds. The day the foreigners do not buy is the day the American people and their government are brought to reality.
This is not the financial position of a superpower.
Will what happened to Lehman Brothers now be America's fate tomorrow? - Paul Craig Roberts
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