Why does stiffing pension and entitlement obligations prove fiscal responsibility, and stiffing othe

other debt obligations prove one untrustworthy?

of onto others by a bunch of greedy corporate and finance people. Because it is a long term theft, it is harder to lift the curtain to expose the slight of hand.

what they have left. If any historians are left in say 50 years this will be called, "The Era of Stupidity." IMO earth will be barren in 50 years.

Working people have no enforceable rights at contract at all, if keeping to those contracts would inconvenience people who live off rents and interest....

take over, so they need to call in certain short-term markers RIGHT NOW or else a bunch of mid+ level staff, the ones who know where a lot of skeletons are buried, are going to get shaken out of the upside down pyramid and they're going to be real mad about that.

its overall size, composition, and ownership, something like this is probable. The MSM is not talking about this stuff, partly because it's privately owned information so saying anything much about it is speculation, partly also because they are complicit because of the overall size of the thing we are talking about.

Thom Hartmann talked to some subject-matter-experts right after the 2008 crash occurred and they were saying that the dollar amount that was lost was from 50-500 times the GNP of the USA, they said it was from 10-100 times the GNP of Earth, don't know about the low end of that range, but up around the mid to upper range of the possible losses you'd be talking about something that would be fatal, especially since some of the financial instruments involved were those tranched derivatives (the kind that were mixed types of investments divided up over numerous owners and one of the reasons that the financial institutions involved aren't sure who owns the junk mortgages that they contain) and that means that there could very possibly be significant foreign exposure.

One of the other problems here could be that all of this stuff, contained in PRIVATE business contracts, could also contain weird ass bonuses and commission structures, another reason that the interdependence of the whole thing would be extremely complex if anyone started defaulting on the credit that made it all "work" for them and they all infected Europe with this stuff. And the only way "we" could get at any of that would be to set aside or modify the entire body of contract law that is the basis for American business.

There was a big international financial conference in Basel Switzerland in January (I think it was). The big topic of discussion was what NEW debt to equity ratios they were going to allow in their relationships. I'm wondering how our domestic outfits fared in that discussion.

everyone the alpha leaders.

freedoms luxuries.

Fiscal responsibility includes meeting all obligations including the "entitlements".