Salty, I am very much against GMO's, think it is a
Post# of 5789
The following posted by shermann at another site, no source for the info. I ten to agree we have NEVER seen so much debt.
So - We have come to this point in time ...
Half the population earns less than 29,000 Dollars a year
35% of the debt holders, Which is about everyone, is 180 days overdue on at least some of their debt.
Student Loan debt is approximately 1.3 Trillion Dollars
Car Loan Debt is Approximately 1.15 Trillion Dollars
Total Consumer debt is close to 12 Trillion dollars, and the federal debt ceiling is 20 Trillion which will be breached in March.
So What is Trump to Do ... This is a No Win Situation.
Trump will let the economy crash on its own ... The top 5 banks will declare bankruptcy ... There is no choice here folks ... Get ready for riots in the cities, and plan accordingly ...
Shermann