“Government and household debt has reached $179,000 per person in the U.S. For the past several years, we’ve heard pundits blathering on about the ‘great deleveraging’ that’s reduced the household debt burden, freeing up American consumers to borrow more, more, more.  The Great Deleveraging is shown here–yes, it’s that thin slice of debt writeoffs. Debt has since resumed its inexorable rise.  That which is unsustainable will go away. That includes debt, malinvestments, currencies, deficits and yes, entire empires.”

http://charleshughsmith.blogspot.com/2013/06/179000-each-in-debt.html

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