Bloomburg News reported late Sunday evening that Asian stocks were off in trading there Monday amid fears that leaders in Washington would be unable to come to agreement on raising the debt ceiling.
As I have begun reporting here, the debt ceiling crisis, while not totally without basis in reality, is, in fact, something of a mirage under the U.S. system which is a credit system, not one in a state of servitude to financial institutions. The Fourteenth Amendment appears to have validity after all.
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