Thinking About Dependence on Independence Day by Fred Cederholm
We need almost one and a half billion dollars a day in new foreign capital to keep the American ball rolling and "growing." While this in part is due to the dependence on foreign oil and products, we also look to foreign "investors" to fund the rollovers of our existing debt. We even borrow to pay the interest we owe on the debt we already have! This "capitalizing interest" is illegal for banks; but not so for the US Government.

- posted by SARTRE @ 1:02 PM