The World Embraces Debt At Exactly The Wrong Time

The following excerpt is from an article that originally appeared on Dollar Collapse

Self-destruction usually happens in stages. At first there’s a binge in which the thrill outweighs the sense of transgression. This is usually followed by remorse, acknowledgement of risks, and an attempt to reform. But straight-and-narrow is exhausting, and because of this is frequently just temporary, eventually giving way to a kind of capitulation in which […]

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