Come take a dizzying look at the American road to financial ruin, courtesy of U.S. Debt Clock.org.
We’re ten years on from the devastating subprime derivatives shell game, a financial heist for the ages. What’s changed?? Not a goddamn thing. Unless you’re counting the staggering national debt that Barack Obama managed to double during his time in office.
The banks and big government haven’t missed a beat, still backing low-income, high-risk plays like they were made out of money. Except they’re playing with money that you made. And you’ll be the one left holding the bag. Again.
The new bubbles are auto and student loans, not to mention a stalled housing market and a commercial real estate glut. From an unhealthy GDP to an overvalued DJIA, there’s a dozen financial indicators that are flashing red.
It’s downright eerie to compare these signals with those that led to past disasters. The next economic hit will be the mother of all meltdowns. It’ll make the Great Depression look like a walk through Bergdorf Goodman.
We the People have to take some responsibility. Like it or not, we allowed them to put us in this situation, willingly or unwittingly. Either way, you can bet they’ll put us and our children on the hook for it.
What are you waiting for? Some prick with a calculator to confiscate your 401K?
Talk to me, Johnny.
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