muses of the moment

January 25, 2010

The Black Hole of Debt

I found an excellent article at theeconomiccollapseblog.com, “20 reasons why the US economy is dying and simply will not recover”.

Click here.

As the article states, the big problem is debt. The economic growth in the US for the last 40 years has been fueled by debt not productive output. In order for the US to grow or just maintain the same level of economic activity, it must continue down the black hole of more debt. We will do this until we can not do it any longer and then we will crash.

No debt equals no recovery, period. This is the predetermined result of the systems that have been put in place.

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