Twilight Zone Economics | WHAT REALLY HAPPENED

Twilight Zone Economics

The US government has annual income of approximately $3 Trillion and official debt in excess of $18 Trillion. This does not count other liabilities such as Fannie and Freddie, and massive unfunded liabilities. But assuming “only” $18 Trillion in debt (optimistic) the US has the same ratio as a family with $60K income and $360K in credit card debt.

But this is not recognized as a problem because the Treasury sells bonds and the Fed “prints” the currency to buy the bonds. Debt increases and the US government spends. Life is good for politicians and bankers.

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA