Tuesday Feb 24, 2015
Melting Down Inexorably, Piece-By-Piece, Day-By-Day - 02.23.15
There has been no resolution to any of the issues connected to the 2008 financial crisis. Things have simply got worse. I list plentiful statistics in support of this. There is no solution. We have long-since passed the point-of-no-return. A kamikaze set of government-inspired, financial suicide policies have been undertaken by governments worldwide, all of which will lead to financial Armageddon. I take you on a tour of the U.S. social scene, trying to draw the loose ends together to create a picture of social hell which unavoidably awaits. It is a very grim picture indeed. Global debt has not ceased to grow since 2007. All major economies have higher levels of borrowing relative to GDP than they had in 2007. Entirely and exclusively created and financed by the central banks. All the ‘recovery’ talk is a cruel sham.
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