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The Survival Economist: The American Economy Enters in Panic Mode


The Survival EconomistPremiered Aug 5, 2022 Debt service is about $500 Billion in 2021; the deficit is right about $1 Trillion. The US government is borrowing money to pay the interest on the Debt. A standard definition of Bankruptcy. And, it’s during what is called an Economic Expansion. The only source of funds that could pay off part of the Debt, maybe a 1/3 of the $22 Trillion, is, to tell the truth about the Mortgage-Backed Security mess. Cleaning up that mess may have cost a few $Trillion – but many more $Trillions were made “on the way up” –…

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