GLOBAL POLITICAL AWAKENING: Living Beyond Our Means: 3 Charts That Prove That We Are In The Biggest Debt Bubble In The History Of The World
source: http://globalpoliticalawakening.blogspot.com/2010/11/living-beyond-our-means-3-charts-that.html
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- GLOBALPOLITICAL
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Do you want to see something truly frightening? Just check out the 3 charts posted further down in this article. These charts prove that we are now in the biggest debt bubble in the history of the world. As Americans have enjoyed an incredibly wonderful standard of living over the past three decades, most of them have believed that it was because we are the wealthiest, most prosperous nation on the planet with economic and financial systems that are second to none. But that is not even close to accurate. The reason why we have had an almost unbelievably high standard of living over the past three decades is because we have piled up the biggest mountains of debt in the history of the world. Once upon a time the United States was the wealthiest country on the planet, but all of that prosperity was not good enough for us. So we started borrowing and borrowing and borrowing and we have now been living beyond our means for so long that we consider it to be completely normal.
Read More: http://globalpoliticalawakening.blogspot.com/2010/11/living-beyond-our-means-3-c...
Read More: http://globalpoliticalawakening.blogspot.com/2010/11/living-beyond-our-means-3-c...
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- groups:
- Community, Greatest Depression
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- tags:
- Debt, Economic Collapse, U.S. Economy, GDP, 3 more
