And the trajectory that our debt is taking now beyond $14 trillion is going to have an impact on our currency. It goes south, and our currency's going to have an impact on our standard of living and affect every family in this country, and over time, our international competitiveness.
Jon Huntsman, Jr.Related topics
beyond country currency debt family international living now taking trajectory trillion competitivenessRelated quotes
We need to live life not only for ourselves. Pray quietly for everyone. Do not reject or humiliate anyone. Our thoughts and words have a powerful impact on the world around us. Pray with tears for everyone - for the sick, the weak, for the sinners. Pray for those who have no one to pray for them.
Nikolay Guryanov
Interest-rate swaps are a tool used by big cities, major corporations and sovereign governments to manage their debt, and the scale of their use is almost unimaginably massive. It's about a $379 trillion market, meaning that any manipulation would affect a pile of assets about 100 times the size of the United States federal budget.
Matt Taibbi