World Perceives that U.S. Can't Repay Debt

World Perceives that U.S. Can't Repay Debt

@GoldenJackass Jim Willie couldn't wait for St. Patrick's Day and decided to request an early audience with Turd Ferguson yesterday. Willie has been watching the Gold-To-Oil Ratio and is very concerned about statements that were made three years ago by BIS economist William White (pictured here). Contrary to our usual experience with stuffy, sleep-inducing economic presentations, Mr. White is a surprisingly down-to-earth, common sense kind of a guy. Which is probably why nobody in the U.S. will listen to him until it's too late.

Read More