Fantasy Economics – A Slight Reprise

In Q2 America Added $2.33 In Debt For Every $1.00 In GDP | ZeroHedge.

In my last post, I stated that all debt does is turn tomorrow’s consumption into today’s. Eventually, you will run out of consumption to bring forward. Mr. Durden’s chart and analysis shows that this is what is happening. Additional debt introduced into the American economy is having less and and less of an effect.

Of course, this will not stop the madness. Debt creation and money printing will go on until the system breaks.

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