The Economic Deficit Has Gone Parabolic

The Economic Deficit Has Gone Parabolic

The amount of debt that is on the shoulders of each American now is unsustainable. Would you believe me if I told you that Americans are over $60 trillion in debt? It’s actually $3.5 trillion worse. If you add up all forms of debt, including government debt,...
Bank Run and the Vanishing of Trillions

Bank Run and the Vanishing of Trillions

“Unsustainable” would be the term to describe the banking system and financial bubble we have inherited as a society. The Bank of World Settlements estimates $1 quadrillion in global derivatives. Global debt is at $230 trillion, which is up $60 trillion since 2008....