When debt consumes a country and its financial system collapses – who will pay? Who will be held responsible for the bad decisions, the debt and the malinvestment?
Throughout history, it is typically the young who are sacrificed for the sake of the older generation; young people are herded into the buzz saw of war and have their futures sold off through massive debts long before they escape the crib. As financial collapse looms above several major world economies – who will be held responsible when the bill comes due?
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Amazingly Accurate…
This will happen every time people accept a private monopoly on money supply.
It’s not the fault of fiat money, which is the only money that can serve people.
You have heard, no doubt, that “the rich get richer and the poor get poorer”. But for the rich who do actually get richer, and the poor who remain poor… there’s one basic and simple reason : the rich keep doing the things that make them rich, while the poor keep doing the things that keep them poor.
“When People are universally ignorant, and debauched in their manners, they will sink under their own waight without the aid of foraign invaders.” – Samuel Adams
This hideous financial mess of the West ….will NOT end well this is way worse than 2008. What is the US debt level now approaching $20 TRILLION! If people would just stop all this digital crap and pull back and take a good look at everything now everything appears fake and the hyped way worse than 2008 from the financial markets to this ridiculous real estate hype (which is NOT liquid BTW good luck with that one) let the interest rates rise and remove either the tax breaks or better yet start regulating the transactions like they do bank deposits and let’s see how that plays out. I will sit back in my rented house with no debt, car paid, excellent credit and cash …and watch this train-wreck with popcorn in hand.