For two decades, German politicians have stared this beast in the face and kicked the can down the road. Now the crisis is upon them and there are no solutions in sight. The American pension issue is running close at the heals of the German pension. (Both countries have the same strategy on debt.) mrossol Source: Germany’s looming pension apocalypse
I would like to hope this guy is wrong, but I think what he lays out is not out of the realm of possibility. mrossol Source: The Banking Deception: Unpacking the Hidden Financial Architecture
John continues reviewing Ray Dalio’s How Countries Go Broke. Source: The Final Crisis: This is Our Future | Mauldin Economics
I agree that Trump does not seem like he has a firm, consistent strategy. Also agree that the US “Empire” is in decline; has been in decline for 30-40 years? I think our debt will be the straw to break the camel’s back. mrossol Source: Wolff And Hudson On The Desperation Of Empire
Our nation has a national debt of $37 trillion. In this post David Bahnsen of The Bahnsen Group explores his thinking on the answer to that question. It is a good read. And I think his basic premise, that no one knows, is a good point to consider and remember. [I wish I had heard it explained that clearly years... Read more
Impact of TCJA was to bury the US electorate in debt—a condition that GOP shows no interest in ameliorating. I do wonder [doubt?] if only a catastrophic event will usher in willingness to address the debt crisis. mrossol Source: The Gross Fiscal Negligence of the GOP ⋆ Brownstone Institute
