Written by John Lounsbury
This is a story about debt – 2008 was the crystallization of that, the years since have been the denial of it, and the years to come will be the resolution. Grant Williams, founder and publisher of the ‘Things That Make You Go Hmmm…‘ research service, and co-founder of Real Vision TV, brings us this eye-opening presentation, where he puts into perspective the extraordinary levels of global debt and unprecedented monetary policy, and reminds us that the many factors that led to the ’08 crisis are still very much present.
The handwriting is on the wall, for the U.S. and for the world. The economy is sick and the various symptoms of that disease has one root cause, according to Williams. That is private sector debt. And no one is treating the disease, the least of all those that could do something, banks and their guiding masters, central banks. Like 18th century physicians who treated medical disease that needed adequate blood supplies with blood letting, central bankers have treated a disease of excessive indebtedness by trying to create conditions to create more private sector debt.
Source: YouTube
