"I wish that every human life might be pure transparent freedom." Simone de Beauvoir

"All ideologies are idiotic, whether religious or political, for it is conceptual thinking, the conceptual word, which has so unfortunately divided man." Jiddu Krishnamurti

"All sciences are now under the obligation to prepare the ground for the future task of the philosopher, which is to solve the problem of value, to determine the true hierarchy of values." Friedrich Nietzsche

Bank Of International Settlements Sees US Debt/GDP At Over 400% By 2040

From Zero Hedge:


“It’s one thing to hear fringe bloggers raving breathlessly against the collision course that the US economy is on. It is something else to see the Bank of International Settlements call for the baseline projection for US debt/GDP to hit over 400% by 2040. And this excludes the bankrupt GSEs, bankrupt Social Security, and the soon to be bankrupt Medicare. In a must read report, the BIS (of the central bankers’ central bank) provides the much needed segue to the work of Reinhart and Rogoff, and in not so many words confirms that the entire developed world is now bankrupt on a discounted basis….”

Full Story here

Posted on April 10th, 2010
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