An article at Mises reported on the accumulation of unsustainable debt and dealt with the question of why it’s been unsustainable for 40 years, and hasn’t collapsed.
That is because it is a slow erosion, not a sudden event.
The truth is the accumulation of debt will be our downfall. Nobody knows when we’ll finally go down, but we will go down unless policies change dramatically.
With everything the administration does, we are losing the value of the dollar. The bad news is that the GDP only went up 1.6%. The wild spending, along with the destruction of our energy sector, should tell you that our time is running short. Additionally, the world is de-dollarizing.We are going to lose our place as the world currency because we have broken the trust of too many nations and weaponized the banking system. now we’re talking about Central Banks controlling all the money with CBDCs. […]
Read the Whole Article From the Source: www.independentsentinel.com
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
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