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Wednesday, November 14, 2018

US skyrocketing debt will cause the next great recession!

https://finance.yahoo.com/news/us-debt-payments-soon-exceed-160557722.html

The US economic growth is based entirely on credit and this credit bubble will burst one day.  There is no way for the US government to repay its colossal debt and its citizens have virtually no savings.

However, many people still have blind faith in the USA but the day of reckoning will come.  It is a matter of when, not IF.  In fact, some financial head honchos are warning about this credit bubble now.

https://www.newsmax.com/finance/streettalk/blackrock-larry-fink-deficit-budget/2018/11/09/id/890133/

Just look at the federal government! The federal government is also on the verge of bankruptcy with no money to pay its own government employees.

http://sg-stock.blogspot.com/2018/01/the-us-government-has-shut-down-on.html

This federal government will face the money problem next year again.


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