Goldmann Sachs predicts that skyrocketing student loan and U.S. household debt will cause a crash “worse than the Great Depression.” Then the elite will buy up the bankrupt firms, increasing their property empires?
In 2018, experts say a $247 trillion global debt will be the main reason behind the next cataclysmic financial crash. Additionally, low wages and the U.S. national debt’s steady rise are expected to drag down the economy.
Murray Gunn, chief of global research at Elliott Wave International, told the Post, “We think the major economies are on the cusp of turning into the worst recessions we have seen in 10 years. Should the [U.S.] economy start to shrink, and our analysis suggests that it will, the high nominal levels of debt will instantly become a very big issue.”
It’s a cycle! It happens again and again, while most people blindly drift through the motions, as a cog in the machine. Awake, but so asleep!
(Articles reflect the views of the author, and not necessarily those of Luke Nash-Jones, The Red Pill Factory, or Make Britain Great Again.)