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Soon the total World Government Debt will reach $50 trillion. It is rising $342,000 per SECOND faster than economic growth worldwide.
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Well we almost made it! The total World Government debt came close to reaching $50 trillion for New Year’s Eve (not counting unfunded liabilities). But don’t worry that we didn’t quite make that goal. EVERY SECOND that number increases by $342,000+. The brain-dead economists and public officials still think it is cheaper to borrow than to print. Hello? That was the case when debt could not be used for collateral as cash. Once that took place so they could sell more junk, guess what - the circle was complete. How it begins is how it ends. They bullshit themselves saying we are borrowing from ourselves. Sorry – 40% of US debt is held outside the USA.
Just more lies to confuse the subject.
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link to armstrongeconomics.files.wordpress.com
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