Debt: Destroyer of Lives, Businesses, and Countries

“Nothing is as destructive as a government drowning in debt. Though the time it takes to play out varies, the narrative is always the same:  1. Government borrows too much;  2.  Government prints money in a desperate attempt to service debt;  3.  Government ultimately prints too much money, destroying its currency and the savings of all its citizens. Unfortunately, it often doesn’t end there. Several of the most horrific atrocities in human history were committed by hopelessly indebted governments.  Meltdown America follows the stories of three regular folks who lived in the wrong country at the wrong time.”

http://www.caseyresearch.com/cdd/debt-destroyer-of-lives-businesses-and-countries

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