"Gentlemen, in the little moment that remains to us between the crisis and the catastrophe, we may as well drink a glass of champagne." -- French diplomat Paul Claudel, 1931, quoted in The Devil's Decade by Claud Cockburn.
America has good reason to worry about Greece by Clive Crook.
Bank Funding Crunch Deepens as Swap Rates Soar: Credit Markets by Shannon D. Harrington and Abigail Moses
Stock market time bomb? Derivatives crash could blow up the global economy by Arnaud de Borchgrave.
The Welfare State's Death Spiral by Robert Samuelson
This will not end well. Creditors, whether governments or gangs, always come with force to collect.
Are you ready to resist your own enslavement yet?