GDP Plunge with John Rubino & Kerry Lutz
Dollar Collapse
English - April 03, 2017 19:00 - 23 minutes - 20.2 MB - ★★★★★ - 11 ratingsNews gold silver global financial crisis austrian economics Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Inflation + Populism = Soaring Gold
Debt is still growing way faster than GDP. Therefore, we're just digging a bigger hole. For most of the past 6 months it looked like we had a real recovery going. But that was an illusion. The Atlanta Fed has lowered it's 1Q Growth Projection to less than 1 percent. That's a recessionary number that won't help the economy create new jobs or to create new industries or service new debt. The debt to gdp ratio continues to increase. Unless we radically increase worldwide growth rates, we're stuck on a treadmill and a crisis will eventually occur.