Monday, March 10, 2014

Global Debt Exceeds $100 Trillion

Governments have been on a spending binge:

http://www.bloomberg.com/news/2014-03-09/global-debt-exceeds-100-trillion-as-governments-binge-bis-says.html

So ... the "recovery" is merely debt spending on an unsupportable level. This amount of debt can NEVER be repaid. When it finally hits the fan, it will make the last "recession" look like a cake walk.

Get ready for a hard rain.

http://youtu.be/-ex-m-eEKsg

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