Yeah, I looked at Unfunded Liabilities at debt clock a few weeks ago.
Hadn’t noticed the jump (for awhile) but there it was.
Thanks. I haven’t looked at that debt clock in a while. I always wondered about it. Being from the CIA they can make it look like whatever serves their agenda. Dunno for sure though.
When TCMDO reaches above 360% of GDP, an economy almost always goes into unmanaged economic collapse. Take a look at the PIIGS (Portugal, Italy, Ireland, Greece, and Spain): their economies tanked in record time in 2007-2008 due to their debt load.
With Bite Me and crew trying to stiffle business and sucking more money out of the economy through higher taxes, it will have a cascade effect. You can only reduce the velocity of money so much before inflation (hidden or otherwise) sets in. It is intentional, this destruction of wealth.
Hang on to your wallets, folks. It is going to be a bumpy ride.