Until October 15th the documentary An Inconvenient Tax will be available via streaming to Netflix subscribers.
Economics Professor Laurence Kotlikoff: Oh, and By the Way, Our Government Is Totally Broke!
A useful primer: Rehypothecation of Collateral
G.G. flagged this: Five Alarming Facts About Entitlement Spending
Items from The Economatrix:
The D Word, again: US default seen as disaster dwarfing Lehman’s fall “Among dozens of money managers, economists, bankers, traders and former government officials, few view such an event as anything but a financial apocalypse.”