Commentary: This is what a bubble economy looks like just before a collapse happens!
by Michael Snyder
July 29, 2024 - How does it feel to be living on the edge of a bubble just before it bursts? Ever since the days of the Great Recession, our “leaders” have been going to extremes that we have never seen before as they attempt to keep our failing economy propped up. The Federal Reserve has created trillions upon trillions of dollars out of thin air and pumped it into the financial system. Our politicians in Washington have been on the greatest debt binge in the history of the world, and as a result our national debt has soared to truly horrifying levels. On Monday, our national debt reached 35 trillion dollars, and even The New York Times is admitting that it is growing “more quickly than many economists had predicted”