As those of you who have followed my musings know, I maintain that the western world is headed toward financial ruin. This post updates you with recent data supporting this position.
The good news is: I also don’t see anything on the political horizon that has any hope of stopping it, so there’s no reason to put stock in anything the politicians say. There: isn’t it nice to be relieved of the disappointment that would come from buying into your favorite venal politician’s promises only to see those promises later evanesce into the hot air they were in the first place?
I. The U.S.’s Financial Time Bomb
A. The National Debt
Take a look at the U.S. Debt Clock to see what I am talking about.
Continue Reading Bankruptcy Is The Wave Of The Future – Part I