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overtheedge
Member since May 2012
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Profit & Protect Despite Bogus Official Data & The Coming Hyperinflation - Deepcaster -

"We now have an economy that is saturated with debt: $54 trillion or $53 trillion – 3.5 times the GDP – way off the charts from where it was for a hundred years prior to the beginning of this."

Oh, and it just keeps getting better and better. Roughly half the GDP is government disbursements. Then as the economy continues to decline, all non-essentials will fail to attract spending. Do I smell loss of tax revenue? Then we are left with the few productive activities that fail to satisfy mandatory demand. Mandatory demand defined as food, water, shelter/heat and the means to earn to gain these necessities.

It doesn't matter, the skill set needed barely exists anymore. The makers moved overseas and the knowledgeable techs are either retired or dead.

Saturated? Not bloody likely. Just like mixing sugar in water; heat it up and you can add a lot more (debt).

No worries, they have a plan.

Commented 4155 days ago

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Beginning of the headline : “Set by Uncontained Fiscal Malfeasance, and Exacerbated by Still-Unfolding Effects of the 2008 Systemic Panic and Near-Collapse, U.S.Hyperinflation Looms by End of 2014.After decades of U.S.government fiscal mismanagement, by 2004, the U.S.budget deficit was so out of control that it had become both unsustainable and uncontainable... Read More

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