Addison Wiggin Quotes
Addison Wiggin is an American financial writer, publisher, and filmmaker. He is executive publisher of Agora Financial, LLC and is a New York Times bestselling author
Read more about this author on Wikipedia
Counting obligations under Medicare and Social Security, the real debt of the United States is more than 10 times the reported national debt.
For those who unfairly lump Social Security in with Bernie Madoff, in all fairness, you should point out the difference. No one was ever legally required to pay money to Madoff.
The petroDollar system breaking down, where oil is no longer paid for in Dollars internationally, essentially would be the death knell to the US Dollar as the reserve currency. It means the US can't borrow with 'exorbitant privilege' anymore, and it means the US Treasury market is set for an out-of-control interest rate spiral.