Tuesday, May 29, 2018

The tightening screw – Part II.

Usually most of the focus in on the national debt, which is now 21 trillion dollars and rising, but when you total all forms of debt in our society together it comes to a grand total just short of 70 trillion dollars. Many people seem to believe that the debt imbalances that existed prior to the great financial crisis of 2008 have been solved, but that is not the case at all. We are living in the terminal phase of the greatest debt bubble in history, and with each passing day that mountain of debt just keeps on getting bigger and bigger.

"Why America Is Heading Straight Toward The Worst Debt Crisis In History." By Michael Snyder, ZeroHedge, 5/27/18 (formatting removed).

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