Eric Margolis: US Empire: An Orgy of Debt
By admin | September 24th, 2008 | Category: News from the Ummah | No Comments »America has reveled for two decades in an orgy of debt. The U.S. national debt is now twice its net worth. From Wall Street’s “masters of the universe” financial powerhouses such as Goldman Sachs, Merrill Lynch, Lehman, and Morgan Stanley, to the humblest homeowners, America’s national motto became “borrow to the hilt and bet.”