Reply #4: Credit cards at the Pentagon [View All]

[Wright Patman]

are maxed out.

And there are trillions missing.

The borrower is slave to the lender. It's one of the oldest principles in banking. It's even in the Bible that * allegedly reads every day.

A nation cannot declare bankruptcy. But it can lose its reserve currency status virtually overnight. That's what's on the verge of happening to "the world's only remaining superpower."

If I had a dollar for every time I've heard that phrase over the last 15 yuears, I could lend money to the U.S. government. But given its track record, I wouldn't. I'd convert the dollars into euros.