Tag Archives: accelerating debt expansion

It’s been exactly two years since Standard & Poor’s did the unthinkable and downgraded the U.S. government’s debt rating...and yet, it’s as if it never happened…

Only in a debt-based money system could debt be curiously cast as an asset. We’ve made “extend and pretend” a quaint phrase for a burgeoning market for financial lying and profiteering aimed toward preventing the collapse of a debt- (or lack-) based system that was already doomed by its initial design to collapse. This primer will detail the major components and basic evolution of fake wealth creation, accelerating debt expansion, hollowing out of the economy, and inevitable financial implosion. Words:1583