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Americans & Entire Globe DROWNING IN DEBT As Are Most Public & Closely Held Corporations & Governments #DebtSaturation
2017 Jun 5, 2:26pm 6,165 views 16 comments
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14
HEY YOU
@
2017 Nov 4, 9:20am
Strategist says
"The Great Depression lasted from 1929 to 1939, and was the worst economic downturn in the history of the industrialized world."
"By 1933, when the Great Depression reached its lowest point, some 15 million Americans were unemployed and nearly half the country’s banks had failed."
Must not have been Unregulated Free Market Capitalism.
URMC helped us avoid 2008 TBTFs.That kept the govt. & it's bailouts,out of private enterprise
allowing us to be rich. There must not be any poor due to trickle down.
At least it can NEVER happen again.
I understand that Black Swans are extinct.
Things work until they don't.
http://www.history.com/topics/great-depression
3. Why capitalism succeeds, while all else fails?
"The Great Depression lasted from 1929 to 1939, and was the worst economic downturn in the history of the industrialized world."
"By 1933, when the Great Depression reached its lowest point, some 15 million Americans were unemployed and nearly half the country’s banks had failed."
Must not have been Unregulated Free Market Capitalism.
URMC helped us avoid 2008 TBTFs.That kept the govt. & it's bailouts,out of private enterprise
allowing us to be rich. There must not be any poor due to trickle down.
At least it can NEVER happen again.
I understand that Black Swans are extinct.
Things work until they don't.
http://www.history.com/topics/great-depression
15
Strategist
@
2017 Nov 4, 9:25am
Strategist
@
2017 Nov 4, 9:25am
HEY YOU says
And what gets us out of depressions and allows us to reach even greater heights? Good old Capitalism. Compare with communism, where it's always a depression.
Strategist says3. Why capitalism succeeds, while all else fails?
"The Great Depression lasted from 1929 to 1939, and was the worst economic downturn in the history of the industrialized world."
"By 1933, when the Great Depression reached its lowest point, some 15 million Americans were unemployed and nearly half the country’s banks had failed."
And what gets us out of depressions and allows us to reach even greater heights? Good old Capitalism. Compare with communism, where it's always a depression.
16
Patrick
@
2017 Nov 4, 3:20pm
Patrick
@
2017 Nov 4, 3:20pm
WookieMan says
Let's see if blocking China solves it. I hate to add any burden to legit users.
Is CAPTCHA in order at some point?
Let's see if blocking China solves it. I hate to add any burden to legit users.
« First « Previous Comments 14 - 16 of 16 Search these comments
"The world has never been more in debt. According to the International Monetary Funds (IMF), total nonfinancial sector debt has hit $152 trillion worldwide, the highest gross debt ever recorded. The debt-to-GDP ratio is also at an all-time high of 225%, up from 200% 14 years ago."
http://nordic.businessinsider.com/the-world-now-has-152-trillion-in-debt-2016-10/
Debt will be the trigger for the next economic and social crises in many nations, including the U.S. and Canada (and UK, Australia, Spain, France, etc.)
Debt now is fueling inflation on necessities (housing, medical care, tuition, etc.) and is reaching a tipping point whereby households, businesses and governments will break quickly as soon as the next aggregate demand drop-based recession strikes (which will set off chain events of banking shock, layoffs, defaults, etc.).
#DrenchedInDebt