Wednesday, July 27, 2011

Uncle Sam's death (pronounced debt)


The tragedy of the US debt crisis is the US.
Echoes of falling empires – Egyptians, Romans, the Brits – not quite, they just went off for a cuppa.
Linkedin as we all are now, due to some mad cross-border fertilisation of people and money over the last century there will be some negative fallout globally if the US defaults.
The real measure of the state of affairs is the lack of brouhaha over the possible default.
Sure, there is some hemming and hawing, but by pre-economic crisis standards it’s hardly apocalyptic.
Overall, the world is ready. Pull the plug USA.

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