In Defense of the Empire

Bill Bonner, Daily Reckoning

7/26/2011

Oh my, the young man accused of killing 93 people in Norway, isn’t the man Homeland Security and the Pentagon hoped for.

But we’ll come back to that…first the world of finance.

Republicans and Democrats are under pressure. They need to keep up appearances. Both sides want to make a debt deal – so as to give the impression that US authorities know what they are doing and are in control of the situation.

Undoubtedly, it will be like the European deal…too little and too late to make any real difference.

And now… the rest of the story. …..

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