The Most Sensible Solution to Fix The Debt Crisis? Give Collapse a Chance | Countdown to Financial Armageddon | Scoop.it

Bill Bonner gives his assessment of how to fix the financial crisis, by letting it default and collapse. '... every bailout makes the world poorer. Because it’s clearly bad money after good. Greece does not suddenly become a good credit risk just because you lend it more money. And Americans won’t be made richer because the feds offer them more debt at an even cheaper rate!'