Issue #137 For decades now, I have been warning that a massive federal debt crisis was coming. In recent years, I predicted that as soon as interest rates started to rise (from their artificially low level, thanks to the Fed), we would pass the event horizon of this debt black hole, making escape impossible. If only the situation was that benign. You see, not only has the federal debt crisis arrived, it will also be accompanied by a debt crisis at every other level of society: consumer, corporate, state and local government, and (foreign) sovereign.
Great article, I’ve seen this coming for some time. I will pass on all future vaccines