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Title: Global Debt Hits A Record $300 Trillion,
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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: 320
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. 
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#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. :-/
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.
It takes one thousand grocery trucks every week just to keep people in NYC fed. If the grocery trucks stop, what then? ;)
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#2. To: BTP Holdings (#1)
#5. To: Horse (#2)
A serious food shortage
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