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It really doesn’t get much worse than this one. Pad the walls before reading or risk a major concussion:
The Big, Bad National Debt: Who is Afraid?
“The country is technically bankrupt. If you and I were in business, we would have to declare bankruptcy. Governments print money so they can get away with it. But we are insolvent and the debt will never be paid for.” –Ron Paul Robert Rodriguez, CEO of the FPA investment house, says there are plenty of risks out there and that investors have not learned the lessons of the past few years. (Money Magazine) — Few mutual fund managers could pull off what Robert Rodriguez did. During the tumultuous 2000s, his FPA Capital stock portfolio, which is closed to new investors, managed to earn an annualized 9% even [...] |
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