Diane M. Kimura

Politicians do not understand that transferring wealth is not teaching wealth creation, but only poverty through generational dependency on government largess as an excuse to implement more wealth transfer schemes.

United States is approximately $52.996 tril. or $312,000 per US household.

This figure is derived from two main components:

* Personal/Household Debt: $17.796 trillion as of Q2 2024.
* Government Debt: $35.256 trillion as of August 2024

And this does not include Hawaii taxpayers' growing tab for the rail debacle.

Leverage is good until it isn't.

...the debt to GDP is not at the levels we saw leading up to the 2011 financial crisis. Overall global debt, shadow accounting, and low to negative yields are a recipe for another financial crisis and little power for the world's central banks when it happens.

The true cost of "free" stuff, easy money, handouts, inefficiency, corruption.

They increase the size of the government. The economy is shifting away from the high positive multiplier private sector into the negative multiplier government sector.


BlackRock Reveals It’s Quietly Preparing For A $35 Trillion Federal Reserve Dollar Crisis With Bitcoin—Predicted To Spark A Sudden Price Boom
forbes.com

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