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IPFS News Link • Government Debt & Financing

We Have Reached The Terminal Phase Of The Greatest Debt Spiral In The History Of The Human Race

• http://theeconomiccollapseblog.com by Michael Snyd

At the beginning of June, our national debt was sitting at $31,467,639,287,894.39.  Today, it has risen to $33,442,148,619,617.43.  That means that we have added almost two trillion dollars to the national debt in just three months.  It is the largest single debt in the entire history of our planet, and it will never be paid off.  Our debt spiral has reached a terminal phase, and all we can do now is prolong the agony.  If we keep taking on more debt at an exponential rate, we may be able to extend our seemingly endless party for a little while longer.  As for the bright future that our children and grandchildren were supposed to have, we destroyed that a long time ago, and so it doesn't really matter what we do now.

What our politicians are doing to us is truly a crime against humanity.


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