Posted on 02/24/2017 7:12:28 AM PST by SeekAndFind
Edited on 02/24/2017 9:45:48 AM PST by Admin Moderator. [history]
Some American disasters come as bolts from the blue
(Excerpt) Read more at nationalreview.com ...
What’s holding this Economy up?
Mathematically, it’s toast.
For example, 2013, G7 it took $18 of debt to produce $1 of GDP. Not good.
RE: 2013, G7 it took $18 of debt to produce $1 of GDP. Not good.
VERY INTERESTING. What is the source of this data?
Recently some doofus said a lack of wheat in Syria due to climate change affecting Russian wheat is what lead to ISIS.
I say a lot of the social climate is man made, from the barbary of narcissist baathists, to islamists or demographic policies like the China one male child policy...
Just like the last housing bubble/crisis, the government debt and pension obligation bubble/crisis is going to end badly as well - and almost nobody will be spared the pain....the only trick is knowing ‘when’ this will happen, not ‘if’.
Deutche Bank Report
It’s not coming up now.
Zerohedge used it as a source, too.
Any city that hasn’t ended defined-benefit pension plans should have it’s elected officials replaced post haste. Only defined contribution - 401(k) type, with match - are acceptable in the modern era.
Basically, if you take Obama’s stimulus and the quantitative easings , you get very little growth comapred to what the measures were expected to produce.
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