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The truth is, if the debt ceiling limit isn't increased, God will strike us down.
International finance has become so complex that few people, Congress-persons notwithstanding, actually understand its workings. Buried in various contracts and treasury swaps and investment funds is this fact: we are borrowing money from God to keep our economy going. God is a good creditor with high liquidity, but you DON'T WANT to DEFAULT. They learned that the hard way at Sodom and Gomorrah.
I hope both sides can reach an agreement. I don't know what's up for collateral and I don't want to find out.
International finance has become so complex that few people, Congress-persons notwithstanding, actually understand its workings. Buried in various contracts and treasury swaps and investment funds is this fact: we are borrowing money from God to keep our economy going. God is a good creditor with high liquidity, but you DON'T WANT to DEFAULT. They learned that the hard way at Sodom and Gomorrah.
I hope both sides can reach an agreement. I don't know what's up for collateral and I don't want to find out.
