T Nation

Bank Inter'l Settlements: America Is Goat Fcked


#1

"Our projections of public debt ratios lead us to conclude that the path pursued by fiscal authorities in a number of industrial countries is unsustainable. Drastic measures are necessary to check the rapid growth of current and future liabilities of governments and reduce their adverse consequences for long-term growth and monetary stability."

http://www.bis.org/publ/work300.htm