The Fed Has Its Finger On The Button Of A Nuclear Debt Bomb | Zero Hedge
There are three major areas of concerns .. the consumer debt (every expanding and now up to $13T) .. corporate debt (37% of 13,000 corporations examined have a debt to earnings ratio of five times, making them “highly leveraged.” - higher than in 2007!) and national debt (Barack Obama’s eight years as president the national debt was essentially doubled and Trump's plan is more of the same).
In summary (yes, pretty gloomy):
".. It is important to remember that whatever happens within our economy and the global economy, central banks like the Fed have fully facilitated the bubbles produced as well as the inversions that result. The Fed knows exactly what it is doing. And all other factors, from the Trump trade wars to foreign dumping of U.S. treasuries and the dollar, will be a distraction from the banking elites truly culpable.
Economic warfare can in some cases be just as devastating as nuclear warfare. It can wipe out entire populations, give rise to tyrants and enslave the minds of individuals through the weaponization of resource scarcity. Such wars, though less psychologically immediate as our cinematic fears of atomic doom, should be taken very seriously, and the culprits behind them have to be dealt with harshly."
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