Economic Breakdown… Imminent Major Monetary Event… The Time To Get Out Of Highly-inflated Garbage Assets Is Before Everyone Else Tries To
InvestmentWatchblog.com
SEPTEMBER 12, 2017
U.S. Consumers Headed Towards $1 Trillion in Credit Card Debt
Americans are starting to pile up more credit card debt than ever before.
According to a new study released Monday, U.S. consumers added $33 billion in credit card debt during the second quarter of 2017, making it the second-highest point of debt since the end of 2008.
Personal Finance website WalletHub.com—who conducted the study—projects that by the end of 2017, Americans will pile more than $60 billion in new credit card debt, which means overall the U.S. is headed towards well over $1 trillion in credit card debt.
Are We Close to a Major Monetary Event?
It really should be clear that a major international banking crisis is inevitable, and likely to occur fairly soon
Hubert Moolman makes the case for a major banking crisis thats inevitable and likely to happen fairly soon. With extreme debt levels, many global central banks are close to failure.
The Rest…HERE
