The economic system which has
evolved in the world especially in the
US but not just the US cannot be sustained
because it is built on staggering
amounts of debt. The United States is now the largest debtor
nation not just in the world but in
the history of the world. No country has
ever gotten so deep in debt and the debt
goes higher and higher every day.
Nobody's doing anything about it except some worrying like me or worry knowing it cannot go on and not only is it based on lots of debt but to sustain the debt or to maintain it they now print a lot of money. The central bank in America gets out its printing presses, prints a lot of money and uses that to finance the debt going forward so this cannot last forever. I'm afraid it's not gonna last too much longer because we're getting to the end of the road.
Nobody's doing anything about it except some worrying like me or worry knowing it cannot go on and not only is it based on lots of debt but to sustain the debt or to maintain it they now print a lot of money. The central bank in America gets out its printing presses, prints a lot of money and uses that to finance the debt going forward so this cannot last forever. I'm afraid it's not gonna last too much longer because we're getting to the end of the road.
