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As the following article states, the mounting global accumulated debt is not sustainable. If this is the situation, then a global economic collapse is in the making which could well trigger a global financial meltdown.
 

August 16 - World is drowning in debt and it spells disaster for everyone

Article: Miscellaneous

The entire planet is swimming in debt, yet no one seems to criticize the system itself as being fundamentally flawed. “A man in debt is so far a slave,” American essayist Ralph Waldo Emerson once reportedly said. In light of this statement, I contend that I don’t need to have a college degree in economics to tell you that our current financial system enslaving the entire world is not sustainable – and headed for one hell of a spectacularly ugly crash.
 


 

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