Wednesday , 22 May 2024

Debt & Deficits

What Will the Catalyst Be For the Coming Economic Cataclysm? Here Are Some Suggestions

The world is in a mess economically, financially, politically and morally. The excesses and moral decadence of the magnitude the The world is experiencing today can never vanish in an orderly way. Sadly, only a total economic collapse can solve the problem and this is, of course, inevitable. No government, no corporation and no individual can or will ever repay the $250 trillion debt that is owed.

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We’re Heading to the Great Reset – Prepare Now

The entire world went into debt for the equivalent of tropical vacations and, having now enjoyed them, realizes it must pay the bill. The resources to do so do not yet exist so, in the time-honored tradition of lenders everywhere, we extend and pretend - but with our ability to pretend almost gone, we’re heading to the Great Reset.

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Debt Delinquencies: What Comes Next Won’t Be Exactly ‘A Good Time’

There is a strong correlation – both historically and logically – between interest rates and credit card debt delinquencies. As rates rise, outstanding debt burdens become difficult to service so, until the Fed reverses their tightening, things will only worsen for credit-card users from here. That’s why a serious question needs to be asked: with auto loans, student loans, and credit card delinquencies all on the rise – and we’re not even in a recession – what can we expect from here?

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Does New Debt Add to GDP Or Put A Drag On Growth? This Chart Provides the Answer (+2K Views)

We have lived through a credit induced holographic standard of living considered to be “normal”. Never...has a genuine lifestyle been funded continuously on credit. Each attempt always failed miserably. The only difference today is that more of the world is involved along with more credit used than ever before. The only logical conclusion is this latest credit experiment to fund lifestyle will fail on a far grander scale than ever before!

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