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).
No comments:
Post a Comment
Comments are moderated. I am entirely arbitrary about what I allow to appear here. Toss me a bomb and I might just toss it back with interest. You have been warned.
Note: Only a member of this blog may post a comment.