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IPFS News Link • Economic Theory

This Is What The Final Stages Of A Bubble Economy Look Like Just Before A Collapse Happens

• https://theeconomiccollapseblog.com, By Michael

Ever since the days of the Great Recession, our leaders have been going to extremes that we have never seen before as they attempt to keep our failing economy propped up.  The Federal Reserve has created trillions upon trillions of dollars out of thin air and pumped it into the financial system.  Our politicians in Washington have been on the greatest debt binge in the history of the world, and as a result our national debt has soared to truly horrifying levels.  On Monday, our national debt reached 35 trillion dollars, and even the New York Times is admitting that it is growing "more quickly than many economists had predicted"…

America's gross national debt topped $35 trillion for the first time on Monday, a reminder of the nation's grim fiscal predicament as legislative fights over taxes and spending initiatives loom in Washington.

The Treasury Department noted the milestone in its daily report detailing the nation's balance sheet. The red ink is mounting in the United States more quickly than many economists had predicted as the costs of federal programs enacted in recent years have exceeded initial projections.

To mark this milestone, the House Budget Committee released some numbers about how rapidly our debt has been growing over the last 12 months…

$196 billion in new debt per month

$6.4 billion in new debt per day

$268 million in new debt per hour

$4.5 million in new debt per minute

$74,401 in new debt per second

The third number in that list really stands out to me.

268 million dollars is being stolen from future generations of Americans every single hour of every single day, and hardly anyone seems to care.

We are literally committing national suicide.

When a government borrows money which must be paid back later, prosperity in the future is being sacrificed for more prosperity in the present.


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