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KY_EnviroGuy

(14,786 posts)

21. Experts say the big, BIG collapse will be due to world-wide debt....

Sat Jun 9, 2018, 09:45 AM

Jun 2018

becoming unsustainable. Trump and the Repug congress are just stepping on the gas pedal.

I get an email newsletter from an economist named John Mauldin. He's a Texas Republican but knows his stuff on the global economy. From the newsletter:

(snip - regarding global debt)

And we don’t even really like to talk about it in polite circles. In a private email conversation this week, which must remain anonymous, this pithy line jumped out at me:

The total of Federal (remember they do not use GAAP) debt, state debt, and city debt [unfunded liabilities included] exceeds $200 trillion dollars. There is no set of math that works to pay this off. Let me be sure it’s heard by repeating it: There is no set of math that works to pay this off. Therefore, there has to be some form of remediation. This conversation is uncomfortable, so it is avoided.

This is a pretty comprehensive article on the subject from Mauldin's web site:

Train Crash Preview
By John Mauldin May 18, 2018
Link: http://www.mauldineconomics.com/frontlinethoughts/train-crash-preview

Much of this stuff makes my head spin, but I can usually get the general drift and intent. Perhaps those with an economics background can shed better light on this topic than I.

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At the risk of being alarmist, who here understands the coming economic collapse? [View all] lostnfound Jun 2018 OP

All valid points Sherman A1 Jun 2018 #1

wall street on parade may 30th article cheyanne Jun 2018 #2

My biggest fear extvbroadcaster Jun 2018 #3

Inflation or deflation...and instability lostnfound Jun 2018 #33

We are all screwed....simple as that ashredux Jun 2018 #4

Here is what happens.... safeinOhio Jun 2018 #5

I've been wearing my "eat the rich" pin for a very long time..... a kennedy Jun 2018 #23

or we eat pictures of food WhiteTara Jun 2018 #27

there is a politicususa article on wsj article on economists fear of trump cheyanne Jun 2018 #6

I wonder.... ewagner Jun 2018 #13

401K's will be destroyed and those of us on the brink of retirement are screwed liberal N proud Jun 2018 #7

Economic cycles do tend to . . . empedocles Jun 2018 #8

Terrified DownriverDem Jun 2018 #9

I'm 100% short in my IRA Roy Rolling Jun 2018 #10

I too am hedged empedocles Jun 2018 #11

Hugs lostnfound Jun 2018 #17

how does one protect anything? Locrian Jun 2018 #18

Economic hedges empedocles Jun 2018 #34

I'd love to hear any funds you recommend for that mahina Jun 2018 #38

If you''re asking me mahina empedocles Jun 2018 #40

Thannk you mahina Jun 2018 #41

Instead of shorting, put your money in the longbond. Blue_true Jun 2018 #42

One of our financial advisers ewagner Jun 2018 #12

Repugs are always trying to throw a great depression. Mc Mike Jun 2018 #14

He is controlled by Russia cubbies01 Jun 2018 #15

Our money has been electronic dots PoindexterOglethorpe Jun 2018 #16

People focus on apocalyptic predictions because of bad governance. JayhawkSD Jun 2018 #24

Republicans will be Republicans empedocles Jun 2018 #31

As you've pointed out, the status quo reigns supreme. PoindexterOglethorpe Jun 2018 #49

The run from equities to safe bonds is number one concern. uponit7771 Jun 2018 #19

Yes. Investors want more interest for a more risky investment. roamer65 Jun 2018 #48

It's worse TimeSnowDemos Jun 2018 #20

I can understand the prices are rigged parts bucolic_frolic Jun 2018 #26

"...nothing more than a casino..." Achilleaze Jun 2018 #35

The first salvo will be massive quantitative easing. roamer65 Jun 2018 #47

At some point TimeSnowDemos Jun 2018 #50

Experts say the big, BIG collapse will be due to world-wide debt.... KY_EnviroGuy Jun 2018 #21

Gloom and doomers have been predicting economic collapse for years -- even decades. former9thward Jun 2018 #22

To use a more current example. The Japanese Nik peaked near 38,900 in 1990! empedocles Jun 2018 #29

Very good example. The USA under Bush was matching the Japan example Blue_true Jun 2018 #43

Hedge against the collapse - anticipate what could go wrong bucolic_frolic Jun 2018 #25

That's good advice. Nt lostnfound Jun 2018 #39

It is possible, but it's going to be hard to convince voters when economy is doing reasonably well. Hoyt Jun 2018 #28

The inauguration astrology chart says big economic trouble is coming. Thirties Child Jun 2018 #30

Stock market predicts better than us, so far no worries Cicada Jun 2018 #32

'so far no worries'? empedocles Jun 2018 #36

Two things mnmoderatedem Jun 2018 #37

Hi lostnfound - I will try and answer - I am somewhat educated on macro-economics. airplaneman Jun 2018 #44

Incisive points empedocles Jun 2018 #51

An airplaneman with 787 posts... ✈️ ..thank you lostnfound Jun 2018 #53

The $ seems unlikely to weaken much relative to other currencies, empedocles Jun 2018 #54

I second your motion...................... turbinetree Jun 2018 #45

You all know what happens to the currency of a dying empire? roamer65 Jun 2018 #46

Your currency insight is very interesting. empedocles Jun 2018 #52