“The United States of Insolvency is the graphic title of a sprawling article in Time magazines April 25 issue. That in itself is significant, as is the clear and punchy content of the piece which delivers the chapter and verse detailing why the headline is not imaginary or threatening, but rather factual and inexorable.
Although it relates only to government debt, with household and corporate debt mentioned only in passing, it leaves no doubt that the US is indeed insolvent.
This is a remarkable article to find in the mainstream media. Of course, in the blogosphere, it is everyday fare, with both the data and the analysis well-known and almost taken for grante…
Read the full article at: http://www.jpost.com/Opinion/GLOBAL-AGENDA-Time-is-up-452109