The stats just keep getting stranger and, if you’re a policymaker or an investor, scarier. According to a (now widely publicized) McKinsey & Co study, instead of deleveraging after the debt-induced crisis of 2008-2009, the world borrowed another $57 trillion. And virtually everyone has been expanding their money supply aggressively. 

 

Conventional economic theory says that double-digit growth in debt and money creation should produce a boom, and that today our biggest problem should be too many people getting big raises at work. Yet that’s hasn't been the case at all.

Direct download: John_Rubino_06.Apr.15.mp3
Category:general -- posted at: 4:09pm EDT
Comments[0]

Adding comments is not available at this time.



-->

Syndication

Categories

Archives

September 2020
S M T W T F S
     
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30