Name Calling

The US government has been called a Ponzi Scheme by some pretty respectable people. I can't tell you their names but trust me on this one. Usually it's just the aluminum foil hat brigade that would levy such a charge, but doubt has gotten to the point where everyone is copping on. To service their debt (an expression I find provocative) they just issue a new wave of debt and so on.

Well, this is just a warning, a vague nostradamus like prediction that the Direwolf can point at later and say, "See! I predicted this!" whatever this is:
The piper will be paid eventually, first banks, then equities, then bonds. And unlike the Cat Steven's song, this time, the first cut won't be the deepest. In this case the third cut will most likely inflict the greatest damage, or to extend the metaphor, "the deepest cut."