Факты, которые подконтрольные ЦРУ СМ»И» в России скрывают...
A Worldwide Debt-Default Is A Real Possibility
Forbes.com, Nov. 13, 2018
Many people, businesses, and governments borrow because they can. It’s been possible in the last decade only because central banks made it so cheap.
It was rational in that respect. But it is growing less so as the central banks start to tighten.
A debt “train wreck” and eventual liquidation is on hand. Recent events tell me the reckoning could be closer than I thought just a few months ago.
Central banks enable debt because they think it will generate economic growth. Sometimes it does.
That’s how we get artificial booms and subsequent busts. We are told not to worry about absolute debt levels so long as the economy is growing in line with them.
Hoisington Investment Management tracks data that shows debt is losing its ability to stimulate growth. In 2017, one dollar of non-financial debt generated only 40 cents of GDP in the US. It’s even less elsewhere. This is down from more than four dollars of growth for each dollar of debt 50 years ago.
This has seriously worsened over the last decade. China’s debt productivity dropped 42.9% between 2007 and 2017. That was the worst among major economies, but others lost ground, too. All the developed world is pushing on the same string and hoping for results.
Now, if you are used to using debt to stimulate growth, and debt loses its capacity to do so, what happens next? You guessed it: The brilliant powers-that-be add even more debt.
But centuries of history show that every prior debt run-up eventually took its toll on the economy. There is always a Day of Reckoning.
The US economy is so huge that our current $24.5 trillion government debt (including state and local) could easily grow to $40 trillion before a huge crash. We are one recession away from having a $30 trillion U.S. government debt total.
It will happen seemingly overnight. And deficits will stay well above $1 trillion per year every year after that.
Even though a budget deficit is under $800 billion this year, we added over $1 trillion of actual debt. That is due to “off budget” items which include Social Security and Medicare They vary from year to year and can be anywhere from $200 billion to almost $500 billion.
And here’s the point that you need to understand. The U.S. Treasury borrows those dollars and it goes on the total debt taxpayers owe. The true deficit that adds to the debt is actually much higher than the number you see in the news.
Household and corporate debt is growing fast, too. And not just in the U.S. The combined debt of the US, Eurozone, Japan, and China has increased more than ten times as much as their combined GDP [growth] over the past year.
Yes, you read that right. In the last year, the world’s largest economies are generating debt 10X faster than economic growth. Adding debt at that pace, if it continues, will boost the debt-to-GDP ratio at an alarming rate.
The rational course would be to delay the inevitable as long as possible. Yet in the U.S. we’re rushing it.
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Перед нами сейчас - коварный и опасный мошенник, расист, лжец и фашист Дональд Трамп, порочный Конгресс, нацистские ФБР - ЦРУ, кровавые милитаристы США и НАТО >>> а также и лживые, вредоносные американские СМ»И».
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Правительство США жестоко нарушало мои права человека при проведении кампании террора, которая заставила меня покинуть свою родину и получить политическое убежище в СССР. См. книгу «Безмолвный террор — История политических гонений на семью в США» - "Silent Terror: One family's history of political persecution in the United States» - arnoldlockshin.wordpress.com
Правительство США еще нарушает мои права, в течении 14 лет отказывается от выплаты причитающейся мне пенсии по старости. Властители США воруют пенсию!!
ФСБ - Федеральная служба «безопасности» России - вслед за позорным, предавшим страну предшественником КГБ, мерзко выполняет приказы секретного, кровавого хозяина (boss) - американского ЦРУ (CIA). Среди таких «задач» - мне запретить выступать в СМИ и не пропускать большинства отправленных мне комментариев. А это далеко не всё...
Арнольд Локшин, политэмигрант из США
BANNED – ЗАПРЕЩЕНО!!
ЦРУ - ФСБ забанили все мои посты и комментарии в Вконтакте!
… и в Макспарке!