According to various news sites!
Since 2008 crash we are now in a $174 Trillion debt cycle!
The vast majority is being held by the US!
They all list so many financial bubbles that are near implosion that it is all most impossible to know what to do or steer clear of!
The financial sector world wide is pushing the edge of their creditability by pushing the legal, moral, and ethical envelope and boundaries beyond the point of no return!
7
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I have also been following this talk on the pension problems for people who work at the state and local level for a couple of years: [pensiontsunami.com]
gsiamne
Level 8
May 4, 2018
1
No doubt that's the cycle we're in and it's only get worse as people want to sustain a certain lifestyle without any increase in pay. We each share a certain level of responsibility in the matter. About 2 years ago I made the choice to work 70 hours a week for nearly a year and a half to nullify debts and instead have a certain level of savings built up. Of course it's a fine line trading personal sanity and freedom to do so. Plus, not every person is even capable of it either nor should they be expected to if they already give up 40 hours a week. The only debt that seems reasonable, at the right time, is housing.
Altruisticwar
Level 5
May 4, 2018
0
Are we sure that isn't 1.74 trillion?
andygee
Level 7
May 4, 2018
1
IT IS over $174 Trillion world wide!
The Pentagon has squandered over $10 Trillion!
$10 Trillion Missing From Pentagon And No One — Not Even the DoD — Knows Where It is!
@of-the-mountain I remember this being reported in mainstream media.
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