A Default by Any Other Name

"The U.S. Treasury will never "default" in the sense of stiffing creditors on interest or principal. No, it will proceed to default in a far more stealthy way. This month, we'll examine exactly how that will work and how America's largest foreign creditor is already braced for that possibility. Then we'll explore two coping strategies."

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Jim Rickards’ Strategic Intelligence

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Addison Wiggin

Addison Wiggin is founder and executive publisher of Agora Financial LLC, an independent economic forecasting and financial research firm. He and Bill Bonner began writing the firm’s flagship Daily Reckoning in the midst of the tech boom and bust. It was one of the first widely distributed email newsletters on the Internet. The publication’s...

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