Shortly after there will be TARP III.
Only problem is that by the time that becomes necessary, there won’t be enough world wide funds to finance the US debt and borrowing.
“Only problem is that by the time that becomes necessary, there wont be enough world wide funds to finance the US debt and borrowing.”
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Yes. Greece is but a VERY dim foreshadowing of the Big Tent Attraction: The looming, inevitable disaster in the US.
Despite the incessant “too important to the world economy” argument, this is what will finally stop the music in this game of musical chairs. Everyone, including the US’ enemies, are willing to keep giving us enough rope to hang ourselves, but no one wants to be left without a chair when the music stops.
When it is perceived that that time is near, the dominoes will fall.
Quickly.