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The long debt emergency has arrived – From 1950 to 1980 total US credit market debt to GDP held a ratio of 1.5. Today that figure is above 3.5 with total US credit market debt at $54 trillion. 

By: capt_nemo in ROUND | Recommend this post (1)
Wed, 18 Apr 12 7:51 AM | 50 view(s)
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We are reaching a point of no return with global debt. The US will be running deficits for as far as the indebted eye can see. This isn’t a new or novel trend but the magnitude certainly is. Since we stepped on the deficits do not matter accelerator in the 1980s the US dollar has been losing its purchasing power year after year. This might not be a big deal for you if you have a large share of international currencies and major investments overseas but the results for the working and middle class are financially disastrous. Most American workers are paid with US dollars and not with foreign currencies.
http://www.mybudget360.com/debt-emergency-total-credit-market-debt-us-government-spending-banking-bailouts-fed-zero-percent/




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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