Proof The Bible Is True

05/20/24

“When this global debt bubble pops it will make the 1930’s seem like the good ole days.’. Admin

 

The US national debt is so out of control that, ironically enough, even the Federal Reserve chair has expressed concern about the problem. And while America is among the top contributors, it isn’t just the US that’s spending money it doesn’t have: after briefly declining in 2023, the global debt-to-GDP ratio is again at an all-time high.

 

Even though interest rates are still extremely low by any free market standard, with even modestly elevated interest rates in the US, payments on servicing the debt skyrocket. This blows up the national debt balloon even bigger. With zero chance of Washington reigning in spending anywhere near enough to keep up, the interest can only be paid with even more borrowing.

 

Read More: Not Just The US: Global Debt-To-GDP Ratios Are Skyrocketing | ZeroHedge