Equity 1 Group
Pushing back the frontiers of economic ignorance and restoring sound financial foundations, one family at a time.

Heading for National Bankruptcy?

Flag Bankruptcy

The United States government is so deep in national debt that that debt will never be repaid and must eventually be repudiated.

Japan’s government is currently printing trillions of more fiat yen in order to inflate their currency and “stimulate” the Japanese economy.  The result will be a Japanese national debt that’s too great to ever be repaid.  As with the US, much of Japan’s debt will eventually have to be repudiated.

The European Union is planning to print trillions more euros in order to inflate their currency and “stimulate” the European economy.  As with the US and Japan, the result will almost certainly be an EU “national debt” that’s too great to ever be repaid in full and must therefore be substantially repudiated.

Thus, although the world’s major governments’ debt are already too great to ever be repaid in full, those governments continue to dive deeper into debt.

Does that make sense?  Not at first glance.

Either 1) the economies these governments represent are so fragile that the governments are desperate to keep them functioning by any means possible; or, 2) there may be some other “secret” rationale to justify a bunch of bankrupts plunging deeper into debt.

Click Here to read full article by Adask’s Law

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