The Ticking Time Bomb That Will Go Off Sooner Than You Think

investmentwatchblog.com / BY IWB · NOVEMBER 1, 2017

by Robert Carbery

Something has been going on this past month that has as usual been lost in the shuffle of other mainstream media prioritized news. Lost in the hysteria around the Vegas shooting (of which we still have many unanswered questions) and Harvey Weinstein and Mueller indicting Manafort and the wacky World Series is the rapid rate of growth of the U.S. national debt during the early months of the Trump administration.

In October alone, America’s debt has soared by almost a quarter of a trillion dollars. This is on top of already well over $20 trillion. A monumental story. Lost again to other such less significant stories since we always kick the can down the road. Well, eventually we are going to run out of road. We are bankrupt and no one seems to care.

And we are doubling down.

Historic levels of debt for the world’s largest economy matters little to the masses. They are too busy being divided by the useless R v. D debate in DC. Both parties’ politicians are getting rich. The public will be left with the bill. The consequences will come. The party will end.

READ MORE

The post The Ticking Time Bomb That Will Go Off Sooner Than You Think appeared first on Silver For The People.