Tuesday
John Rubino is worth listening to…
“You cannot borrow the amount of money we have borrowed, it’s something like several hundred trillion dollars if you add everything in . . . it’s many times the GDP.”
“You can’t take on that kind of debt and then go back to normal. Normal is over. This would be like you or me borrowing $20 million on credit cards. There is no way you can go back to normal.
“It is clear that they are not correct when they say they can give us a ‘soft landing’ and get us back to organic sustainable growth. You can’t borrow that kind of money without a gigantic crisis to wipe out that debt.”