The 3rd episode of the Paradise Lost Financial Podcast
came out a few weeks ago, entitled "Global Debt Trap". Appropriate, considering the
globe debt amount is something like $275 TRILLION (here is an article from January, before the pandemic that uses the figure of $253 trillion and is
has ballooned significantly in 6 months: www.cnn.com...
Having seen the US printed over $6 trillion since the pandemic and our economy (and society) are essentially ghosts of their former selves even though
both were already a house of cards: www.washingtonpost.com...
" target="_blank" class="postlink">The U.S. has
thrown more than $6 trillion at the coronavirus crisis. That number could grow.
Personal and public debt are increasing, 43,000 households in Silicon Valley, CA are at risk of eviction
, and this is all just looking at the US.. the global macro picture is equally bad.
In the episode he mentions the "World Debt Clock" which is pretty eye-opening if you haven't seen it, showing national debt of 20 of the largest
debtor nations in the world (not sure if they are THE 20 largest, but that's my assumption):
These are crazy times but it is somewhat encouraging that there ARE actually people aware of the dangers of unrestrained money printing and socialist
policies we are currently witnessing.
For those who follow the economy, personal finance, investing and the likes I highly recommend this channel. Here's the link for episode 3:
Earlier episodes/threads about the series:
Phantom Finance - Episode 1 of New Podcast
Financial Engineering - Episode 2
Hope someone else enjoys this - I listen to channels like this as I catch up on news and get started in the mornings, it's become something of a
ritual and routine in these crazy times where I don't get to leave my house much.
Thanks ATS fam, always like hearing what others here have to say about important topics/resources like this
edit on 22-7-2020 by FamCore because: (no reason given)