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death spiral

06/21/2017 / By JD Heyes

Charles Hugh Smith explains the “supernova model of financial collapse” that’s now imminent across our debt-infested world

Once upon a time governments actually had to be fiscally responsible, spending no more than they took in. Expenditures had to match revenues, in other words; when the money ran out, that was all there was. But somewhere along the line — some say it all changed at the Bretton Woods summit that occurred towards […]

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