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It’s The Debt, Stupid! The Coming $40 Trillion Reset

Summary:
Ultimately, the clearing process will be very substantial. As noted above, with the economy currently requiring roughly of debt to create of economic growth, a reversion to a structurally manageable level of debt would involve a nearly Trillion reduction of total credit market debt from current levels.  This is the “great reset” that is coming. https://davidstockmanscontracorner.com/?p=324658&preview_id=324658&preview_nonce=8e24f322d6&preview=true

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Ultimately, the clearing process will be very substantial. As noted above, with the economy currently requiring roughly $3 of debt to create $1 of economic growth, a reversion to a structurally manageable level of debt would involve a nearly $40 Trillion reduction of total credit market debt from current levels. 

It’s The Debt, Stupid! The Coming $40 Trillion Reset

This is the “great reset” that is coming.

https://davidstockmanscontracorner.com/?p=324658&preview_id=324658&preview_nonce=8e24f322d6&preview=true

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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