Our Current Financial Circumstances:

1.The U.S. is $22 trillion in debt and burdened with $100 – $200 trillion more in unfunded liabilities. Just to pay the interest the U.S. must borrow. Debt is rapidly rising and cannot be paid unless “they” default or hyper-inflate the dollar.

2.Chairman Jerome Powell stated, “The U.S. federal government is on an unsustainable path.” Even the Fed admits what everyone should realize.

3.Global debt is $250 trillion. Some countries have descended farther down the debt-paved road to economic hell than the U.S.

4.Pensions are under-funded, student debt is a disaster, the main street economy is weak, real estate prices and sales are falling, retail sales are down, real wages have been stagnant since the 1970s, and no credible plan exists to fix debt, deficits or devaluations.

5.The political and financial elite profit from wars, inflation, devaluation, strip-mining assets, and income inequality.

6.It’s an ugly picture with no easy answers. But debt, deficits and QE levitated stock markets to all-time highs.

MAGIC MONEY TREE ECONOMICS & MMT.

Global central banks have created over $20 trillion in “funny money” to bail out commercial banks, purchase stocks and ETFs, buy sovereign bonds, levitate stock markets and force interest rates lower. They implemented the central bank version of magic money tree economics.

MMT—Modern Monetary Theory—supporters claim that “printing” dollars enables huge expenditures and makes excessive debt irrelevant

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