The unsustainability of the current economic and political paradigm

Message from moi:

"declining wages cannot support an ever-expanding mountain of debt."

Published on Zero Hedge (http://www.zerohedge.com)

Home > Guest Post: We Just Enjoyed the Last Christmas In America

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Guest Post: We Just Enjoyed the Last Christmas In America

By Tyler Durden

Created 12/26/2014 - 17:00

Why will Christmas 2014 be the last Christmas in America? It's simple: declining wages cannot support an ever-expanding mountain of debt. The Federal Reserve has played a game for six long years of lowering the cost of debt (i.e. the rate of interest borrowers must pay), which has enabled stagnating wages to support ever heavier debt loads. There is an endgame in sight to this financial trickery...

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Source URL: http://www.zerohedge.com/news/2014-12-26/guest-post-we-just-enjoyed-last-christmas-america