|
Hello, I'm new to this forum, and have great admiration for Malloy, et al...
I hope I can listen to Mike's archive of his Buchanan interview. I had no idea that guy existed and want to know, especially upon hearing him interviewed later this week (Thursday). John Buchanan was also interviewed on a Vancouver, BC radio show ("Black Op Radio"). He said something that may not have been announced on Monday's interview. Certainly, no newspaper I'm aware of carried this news that should have been front page about the state of our economy where I am, but, get this...
For the 1st time in history on Jan. 21, 2004, the US defaulted $4.9 Billion worth of US Treasury Bonds (purchased at 9.125% in 1979). This means, the US is no longer able to pay the interest to those Bond Holders! On what appeared to be a story carried by Reuters Overnight, the British magazine, "The Economist" commented that it was the first step towards bankruptcy of the US economy!
I don't like dem apples!
|