The debt crisis
"China owns so much US debt that the INTEREST INCOME they receive from the Treasury Department is nearly enough to fund their entire military budget."
"In just 11-years, the Ottoman central government went from spending 17% of its tax revenue on interest payments, to spending over 52% of its tax revenue on interest payments. Then came default. Eleven years. The US is at 15% right now. How long will it take for the interest burden to become unbearable?"
- Zero Hedge
On another note: The favourite song of zombies? Supercalifragibrainsaretotallydelicious
"In just 11-years, the Ottoman central government went from spending 17% of its tax revenue on interest payments, to spending over 52% of its tax revenue on interest payments. Then came default. Eleven years. The US is at 15% right now. How long will it take for the interest burden to become unbearable?"
- Zero Hedge
On another note: The favourite song of zombies? Supercalifragibrainsaretotallydelicious