"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
IMF Paper Warns of 'Savings Tax' and Mass Write-Offs as West's Debt Hits 200-Year High
Submitted by Melinda L. Secor on Sun, 2014-01-05 02:00
"Debt burdens in developed nations have become extreme by any historical measure and will require a wave of haircuts, warns IMF paper."
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