The impending financial crisis: How did we get here and what lies ahead?
16 days ago
9
The impending financial crisis: How did we get here and what lies ahead? The USA's debt stands at $34 trillion, with interest payments surpassing defense and social security budgets. Canada faces a similar plight with over $1 trillion in federal debt, with interest exceeding health care and defense spending. This debt spiral traces back to Nixon's 1971 decision to abandon the gold standard, enabling unchecked spending. To read the full article go to:linktr.ee/cgicanada
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