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America: Bankrupt And On Borrowed Time




Once the economy is broken an epidemic of resource misallocation leads to an immense narrowing of income distribution, ultimately paralyzing the velocity of money; the result being an income-less society save for an elite slice. This leads to mass public and consumer debt creation in an effort to stave off the collapsing natural demand that ultimately ends in deflation when the debt efforts

Read Full Story: http://www.zerohedge.com/news/2015-04-07/america-b...

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