Debt Worldwide Hits Record $184 Trillion, or $86,000 Per Person – Bloomberg

Global debt hit a record $184 trillion last year, equivalent to more than $86,000 per person — more than double the average per-capita income.
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Trump has done nothing to stop this and neither has either political party. The politicians think the answer is to raise taxes rather than shrink the government to an affordable size. This debt bubble will explode one day just like it did in Venezuela 🇻🇪. We need to demand fiscal accountability from our government. Instead we argue about diversity, racism,gender, and political one upsmanship . These are all distractions from the debt bubble that will change the life of everyone when it bursts.

Feds Collect Record Taxes Through November; Still Run $305.4B Deficit

House Minority Leader Nancy Pelosi and Speaker Paul Ryan at the Capitol on April 12, 2018. (Getty Images/Chip Somodevilla)
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Here is the real problem with our politicians. They spend more money than they take from us, and get away with it. Drain the swamp by defunding it. We are 23 trillion dollars in debt with no end in sight.

The Brewing European Debt Crisis | Armstrong Economics

Macron is pushing for the European Finance Minister to raise money by selling EU bonds and then distribute the money to the 19-member Eurozone. France is very heavily indebted and here once again we have simply the goal to raise more money rather than reform. Because of the riots in France, Macron is trying to get the EU to fund France. They want to call this the European Monetary Fund and it would be pitched as stabilizing the Eurozone, but in reality, it is circumventing the austerity principles and budget constraints. Juncker was the European Finance Minister to chair a body of European Finance Ministers from each member state. He would also become the Vice President of the European Union. Juncker is seeking to use the European debt crisis that is brewing as the means to the ends resulting in the final federalization of Europe. If the EU raises the money and hands it out like welfare to the states, then they become addicted and totally dependent upon Brussels and thus eventually all sovereignty is surrendered. This new European Monetary Fund would incorporate the European Stability Mechanism (ESM) which is a Luxembourg-based fund that lends money to states in crisis. They lent money to Cypris, Greece, Ireland, Spain, and Portugal. They were issuing their own debt but were not an EU entity. The ESM capitalization was guaranteed by the euro countries. Therefore, the proposal is really a takeover and it would be a way to funnel money to states such as France.
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