Bad Loans Pile Up In Alberta, As Oil Bust Weighs On State Lender

by Tyler Durden
ZeroHedge.com
01/25/2016

Critics of today’s fiat currency/fractional reserve banking world have (for what seems like forever) made the common sense point that when debt rises faster than cash flow, bad things are bound to happen. In every cycle since 1980 this has been dismissed by the vast majority who benefit from inflating bubbles – until the bubble bursts. And here we go again.

The Rest…HERE

This entry was posted on Monday, January 25th, 2016 at 1:06 pm and is filed under Economics, Oil. You can follow any responses to this entry through the RSS 2.0 feed.