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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (89400)	10/28/2008 3:44:44 PM
From: Elroy Jetson	1 Recommendation Read Replies (2) \| Respond to of 116555

The debt level which various Americans owe to other Americans is quite enormous. In fact, this debt is so very large relative to incomes that it can no longer be sustained. This is why we're currently experiencing an economic depression. The chart below shows both total consumer, business, and governmental debt - and the federal governmental portion broken-out seperately- relative to U.S. income. See the beginning of the "Reagan debt miracle" (1980) when America discovered it didn't have to pay for anything. See Dick and Jane "Reagan voters" run into the Great Depression. Run Dick, run!