The St. Louis Fed reports that “All Sectors: Debt, Securities and Loans: Liability, Level” or total public and private debt outstanding, had risen to $64 trillion.
Our government has no credible plan on the table, anywhere, to address this crushing debt burden.We are on a currency ‘crash trajectory ‘ and we need a dynamic, ‘outside-the-box’ plan to get America back on track. And we need to move now.
ZeroHedge – July 28, 2016 Former OMB Director, David Stockman:
So the U.S. economy is now stuck in the ditch because it has leveraged itself to the hilt over the past three decades. The vast majority of Americans are no longer living the dream because Wall Street speculators and Washington politicians alike have led them into a debt-fueled fantasy world that is coming to a dead end.
As shown in the chart below, since 1971 total public and private debt outstanding soared from $1.6 trillion to $64 trillion or by 40X. By contrast, nominal GDP expanded by only 16X. The very visage of the chart tells you that the former is crushing the latter.
There is one economic plan with the raw power to pull America out of this ‘crash trajectory.’
The Leviticus 25 Plan 2017 – $75,000 per U.S. citizen The Leviticus 25 Plan 2017 (1592)