Commodity Trade Mantra

Posts Tagged ‘Insolvency’

An Invaluable Lesson for U.S. Citizens from the Bank Confiscation in Cyprus

When countries, central banks, and commercial banks accumulate too much debt, and specifically too much debt relative to assets, you can be certain there is trouble ahead in the system. The U.S. government’s financial statements show net equity (ALL assets minus liabilities) of MINUS $16.9 trillion.

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