Postcards: Financial Scams and Republic Speak

While central bankers spend this week trying to convince us that printing money is good for us, perhaps it's time to look to history for confidence men with similar gumption.

Dear Fellow Expat:

The Penn Wharton Budget Model showed this week that U.S. debt will officially be unsustainable based on the current path sooner than you think.

It won’t matter how much tax we hike or how much spending we cut.

We have 20 years – at most - to prevent a disaster where U.S. debt reaches 200% of GDP.

Of course, we already know this…

But upo…