Addison Wiggin Quotes

The petroDollar system breaking down, where oil is no longer paid for in Dollars internationally, essentially would be the death knell to the US Dollar as the reserve currency. It means the US can't borrow with 'exorbitant privilege' anymore, and it means the US Treasury market is set for an out-of-control interest rate spiral.

Addison Wiggin

Quotes to Explore

They forget that government revenues derive from confiscation, rather than production.

Addison Wiggin
For those who unfairly lump Social Security in with Bernie Madoff, in all fairness, you should point out the difference. No one was ever legally required to pay money to Madoff.

Addison Wiggin
- Difference
- Pay
- Madoff
Counting obligations under Medicare and Social Security, the real debt of the United States is more than 10 times the reported national debt.

Addison Wiggin
- Real
- United States
- Debt
The petroDollar system breaking down, where oil is no longer paid for in Dollars internationally, essentially would be the death knell to the US Dollar as the reserve currency. It means the US can't borrow with 'exorbitant privilege' anymore, and it means the US Treasury market is set for an out-of-control interest rate spiral.

Addison Wiggin