Tag Archives: Bankruptcy

Rotting, Decaying And Bankrupt – If You Want To See The Future Of America Just Look At Detroit

via The Economic Collapse Eventually the money runs out.  Much of America was shocked when the city of Detroit defaulted on a $39.7 million debt payment and announced that it was suspending payments on $2.5 billion of unsecured debt, but … Continue reading

Posted in Social & Economic Collapse | Tagged , , , , , | 4 Comments

When the Government Goes Bankrupt

by Andrew P. Napolitano via LewRockwell.com Recently by Andrew P. Napolitano: Hope for the Dead What happens when the government goes bankrupt? This question is one that sounds like a hypothetical exercise in a law school classroom from just a … Continue reading

Posted in Economic & Market Analysis, Government Failures, Money and Banking | Tagged , , , , , , , | Leave a comment