You Know what, You Know, you're right on with your last post...what the average doesn't realize is that Argentina went tits up with a fraction of the Great American Credit Card! As you touched on, overextension on all levels coupled with financial industry's constant risk exposure to derivatives spells CERTAIN disaster. It's a matter of WHEN the Great Repo Man calls in all the margins.
Are you sure you're the same You Know as before, or impersonating him? ;-)