fear itself, no………wait….it’s anarchists (see Ian Bone’s Blog)……….no it’s substantial debt.
FDR got it wrong initially about fear now the self professed leaders of the free world have announced that they need to raise their debt limit so they don’t default on any payments (I wish it was that easy for individuals). It is now reported that Apple make more money than US Govt, so I think Steve Jobs should take over and create iUSA, I’m sure it will be sleeker and trendier than the current USA. Alternatively they could put up there leading sportspeople as callateral for the loans, as Spain have done with Ronaldo & Kaka (just what does happen if they then default?).
The world economy appears to run on numbers that are written on bits of paper, and does not exist physically. What would happen if everybody just ripped them up and started again?
Jason E Cooper 