I'm confused on your statement Ronin; how are the wealthy interconnected with our debt? As demonstrated in the past, the wealthy are the 1st ones to get out of dodge when things start getting squirrely...
I also think you underestimate our debt. Five main factors I see: 0% interest, foreign entities are beginning to loose favor with T-Bill's, talk of movement off the petro-dollar, Fed's balance sheet is inflated with Q/E (and it keeps going), and countries are have been stockpiling gold.
On a side note; I had a conversation with a gentleman yesterday, and he has a theory that the current hoopla in CT is a "test vehicle". Five+ years ago, I would have called him nuts. I can't say that now...






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