debt, debt and more debt

western civilization is awash in debt…..

“Japan is a debt time bomb that is waiting to explode,” said Paul De Grauwe, a professor of international economics at the Catholic University of Leuven in Belgium.”

read more here:

http://dealbook.nytimes.com/2011/01/26/as-europe-toils-on-debt-u-s-and-japan-watch-nervously/?hp

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