So much debt so little growth to show for. pic.twitter.com/vO1c7vt8Rl
— Sven Henrich (@NorthmanTrader) June 12, 2019
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It is my sincere desire to provide readers of this site with the best unbiased information available, and a forum where it can be discussed openly, as our Founders intended. But it is not easy nor inexpensive to do so, especially when those who wish to prevent us from making the truth known, attack us without mercy on all fronts on a daily basis. So each time you visit the site, I would ask that you consider the value that you receive and have received from The Burning Platform and the community of which you are a vital part. I can't do it all alone, and I need your help and support to keep it alive. Please consider contributing an amount commensurate to the value that you receive from this site and community, or even by becoming a sustaining supporter through periodic contributions. [Burning Platform LLC - PO Box 1520 Kulpsville, PA 19443] or Paypal
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What’s mind boggling is that the govt GDP numbers include federal spending. What do you think GDP would look like with that spending subtracted out? The scale of the theft of the productivity (and future productivity) of the average American by the banker class is beyond comprehension.
Anyone who believes this ends in any other scenario other than an absolute economic crash (hyper-inflation …. deflation …. take your pick) is engaging in too many magik mushrooms.
Hey, but at least they will remember it…
Clearly, the solution is more immigration. Citibank should have credit card applications in the Welfare offices.
Notice both the increase in debt and the “stabilisation” of GDP growth post 1980’s.
I would like the private debt overlayed on this chart, though the trajectory is probably known.
Maybe what we see is the push to financialise the economy that followed the 1980’s era of “reform” has reduced the economies willingness/ability to purge debt. This has, in some ways, forced govt to take on more debt to either maintain growth/asset prices/purchase bad debt, for both economic and political reasons.
The economy can no longer purge debt, or risk doing so. But, it needs to.