Saturday, 26 May 2018

Credit = Debt....................from Rico

Credit is not access to wealth, it is access to debt.
 
Sure, the US national debt is $21 trillion and rising, but the total of all forms of debt in America is $70 trillion...and also rising.
 
At some point this will "hit the wall" and what debt that cannot be repaid, won't be...and a lifestyle sustained by ever-increasing debt, won't be.

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