4um: Global Debt Hits A Record $300 Trillion,

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Title: Global Debt Hits A Record $300 Trillion,
Source: [None]
URL Source: https://www.zerohedge.com/markets/g ... 300-trillion-36-trillion-covid
Published: Sep 15, 2021
Author: Tyler Durden
Post Date: 2021-09-15 00:16:37 by Horse
Keywords: None
Views: 57
Comments: 5

Up $36 Trillion Since COVID

"The rise in household debt has been in line with rising house prices in almost every major economy in the world,"

Poster Comment:
Chart is impressive. (1 image)
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Begin Trace Mode for Comment # 5.
#1. To: Horse (#0)
Nikolai Kontratiev was a Soviet economist. He predicted the U.S. would emerge from its Great Depression.
When he was shown to be right, Stalin sentenced him to hard labor. That was later changed to death. :-/
en.wikipedia.org/w iki/Kondratiev_wave

BTP Holdings posted on 2021-09-15 7:59:29 ET Reply Untrace Trace Private Reply
#2. To: BTP Holdings (#1)
But 3 million Americans starved to death before there was a recovery. There were only 123 million Americans in 1929. Today we have 210 million more people. 60 million Latino, 45 million Blacks, 20 million Asians and millions of Muslims. A serious food shortage would cause a Second Civil War.

Horse posted on 2021-09-15 9:51:36 ET Reply Untrace Trace Private Reply
#5. To: Horse (#2)
A serious food shortage

It takes one thousand grocery trucks every week just to keep people in NYC fed. If the grocery trucks stop, what then? ;)

BTP Holdings posted on 2021-09-16 5:51:47 ET Reply Untrace Trace Private Reply
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