The Heroin Addicts Are Out, And They Are MAD, Warn Of "Another Catastrophic Financial Crisis"

Today's dose of Mutual Assured Destruction brought to you by Reuters:

  • Chairman of US Treasury borrowing advisory committee tells Geithner in letter there is an "urgent need" to raise debt limit
  • TBAC says any delay in Treasury on making interest, principal payments could trigger "another catastrophic financial crisis"

Apparently, we now have at most 3 weeks before America, if the TBAC is correct, launches a suicidal nuclear attack on itself. Because as you recall the world ended when the Fed released its uber top secret classified docs.

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