Friday, August 02, 2024

This Is What The Final Stages Of A Bubble Economy Look Like Just Before A Collapse Happens

How does it feel to be living on the edge of a bubble just before it bursts?  -Michael Snyder
On Monday, our national debt reached 35 trillion dollars, and even the New York Times is admitting that it is growing “more quickly than many economists had predicted
To mark this milestone, the House Budget Committee released some numbers about how rapidly our debt has been growing over the last 12 months…
  • $196 billion in new debt per month
  • $6.4 billion in new debt per day
  • $268 million in new debt per hour
  • $4.5 million in new debt per minute
  • $74,401 in new debt per second
The third number in that list really stands out to me.
268 million dollars is being stolen from future generations of Americans every single hour of every single day, and hardly anyone seems to care.
We are literally committing national suicide.

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