Monday, December 11, 2017

This Economic System Cannot Last

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.

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