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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Thursday, 23 December 2010

Muni Bonds

Important chart from Columbia1.I have a feeling that next year will be about debt...whether European sovereign debt,US municipal debt,consumer debt.The US now holds more of its own debt than China...I find that a truly terrifying statistic.
 

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