The debt trap part II: 50 years of fiat folly

Richard Mills  |  September 2, 2021

By Richard Mills, includes “A year and a half into the covid-19 battle, with no end in sight as countries hit with the delta variant are forced to re-instate restrictions, the world has never been more in the red. … Some see the national debt going much higher, given that the way it is calculated now, doesn’t include unfunded Social Security and Medicare promises. When that $129 trillion worth of bills is added, ‘the truth’ is closer to $133 trillion.”

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