Thoughts from Victor Davis Hanson on California’s precarious situation.
It is beautifully (and misleadingly) green here right now.
5 thoughts on “The Razor’s Edge”
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Thoughts from Victor Davis Hanson on California’s precarious situation.
It is beautifully (and misleadingly) green here right now.
Comments are closed.
It’s not just California. When the Fed goes down it will take us all down with it, even Texas.
Say, did anyone else notice that PIMCO just went short on US Govt debt? Or was that just me?
Are you saying that’s a bad thing, Brock?
If the federal government defaults on dept it’ll be VERY BAD for the economy and keeping peace with those who hold lots of US debt. So long as China has hope of their dollar holding being paid, they have an extra incentive to play nice. If those holdings lose value, and we can’t afford upkeep on our military, the game changes.
Titus,
Financial collapse is NOT fun. Just ask anyone from Argentina.
Brock, would you like your financial collapse now or later?