We are approaching the end of the debt Train Wreck series. I’ve spent several weeks explaining why I think excessive debt is dragging the world economy toward an epic crash. The tracks ahead are clear for now but will not remain so. The end probably won’t be pretty. But there’s good news, too: we have time to get our portfolios, our businesses, and our families prepared.
Today, we’ll look at some new numbers on just how big the problem is, then I’ll recap the various angles we’ve discussed. This problem is so big that we easily overlook key points. I hope that listing them all in one place will help you grasp their enormity. Next week, and possibly a few after that, I’ll describe some possible strategies to protect your assets and family.
Before we go on, let me give a quick plug for Over My Shoulder. We rejuvenated this service a few months ago and it’s working even better than expected. Having Patrick Watson co-edit with me has been a big help. We’ve worked together, on and off, for 30 years now so he knows how I think. Between us, we have sent subscribers tons of fascinating economic analysis from my best sources—most of which you would never see otherwise. You get both the original item and our quick-read summary.
At just $9.95/month, Over My Shoulder may be the best financial research bargain out there, if I do say so myself. Click here to learn how you can join us.
Now on with the end of the train.
Off the Tracks
Talking about global debt requires that we consider almost incomprehensibly large numbers. Our minds can’t process their enormity. How much is a trillion dollars, really? But understanding this peril forces us to try.
…click on the above link to read the rest of the article…