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Common Ground Independent Media


Consumers Are Drowning In Debt As Hordes Of Businesses Fail All Over The U.S.

Posted By: Morgan
Date: Thursday, 14-November-2024 08:45:14

In Response To: PARADOXES AND KARMA (Morgan)


https://citizenwatchreport.com/consumers-are-drowning-in-debt-as-hordes-of-businesses-fail-all-over-the-u-s/#google_vignette

U.S. consumers have piled up the largest mountain of household debt in the history of the world. If the federal government was not almost 36 trillion dollars in debt, the fact that U.S. households are nearly 18 trillion dollars in debt would be making a lot more headlines. Sadly, our entire society is absolutely saturated with debt at this point. Government debt on all levels is spiraling out of control, corporate debt has ballooned to absurd levels, and consumers have been gorging on debt as if there will never be any consequences. Unfortunately, a time of reckoning has arrived, and it is going to be incredibly painful.

##################

As I was sayin'. There ain't no way anyone can fix this. After all, even I realise a jubilee is a pipe dream. Well, a voluntary one, anyway. I suppose the incoming economic reset is gonna be one, but not in the way anybody could hope for. Me 'tinks' it's gonna be one Hell of an economic equaliser.

Glad I'm not part of the collective 'epithet epithets'.


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Articles In This Thread

  • PARADOXES AND KARMA
    Morgan -- Thursday, 14-November-2024 07:06:41
    • Consumers Are Drowning In Debt As Hordes Of Businesses Fail All Over The U.S.
      Morgan -- Thursday, 14-November-2024 08:45:14

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