The Number That Blows Up The World, "Everything Bubble" Edition
DollarCollapse.com by John Rubino ◆ We’re deluged with numbers these days, many of them huge, ominous departures from historical norms. But one matters more than the others. To understand why, let’s start with some history. In the 1960s the US entered the expensive and divisive Vietnam War, while simultaneously creating major entitlement programs including (also very expensive) Medicare. In the 1970s, commodity prices, led by oil, started to rise due in part to the billions of new dollars sloshing around in the world, and in part to Middle East turmoil. The above combined to produce ri...
Source: dollarcollapse.com
