US DEBT Outpacing Private Credit 2 to 1Money has been around for over 10,000 years!
Money is a derivative of private sector(PS) asset/labor producing.
Money is not a derivative of Gov
Gov borrowing money from the PS with interest to buy money without interest is a recipe for economic disaster.
Gov spending currently is over 40% of GDP annually. It used to be under 10%
Gov debt benefits the few while socializing those liabilities onto the backs of the many.
The many will not realize this is happening until it is too late. The few will sell their bonds, take their money, and move it overseas, collapsing the currency's value, and leaving the many to pay for the debt with taxation, austerity and inflation. (even hyperinflation)
The more Gov borrows to deficit spends the more it has to deficit the closer we get to the point of no return.
That's what this chart is showing you. The direction we are heading.
