Final Wakeup Call: Threat by Exponential Debt — Era of Light – March 28, 2019

Growing Debt Burden

The flip side of credit is debt, and this is where the problem lies. There’s no limit to how much real money can be created. In a world of real money: each additional currency unit represents additional wealth. But with fiat credit or debt-money it is different. With credit, spending can be increased dramatically. But there is a limit to how much can be borrowed. Eventually, a point is reached where the cash flow dries up to service the interest on the debt. Then the system is insolvent, and broke.

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