Our financial system is in La La land

Gary K

New member
Banned
Dr. Mark Skidmore, a doctor of economics and an expert in public finance, from Michigan State says our financial system is in La Land as it is impossible to say exactly how far in debt we are and how government is spending money, but his estimates are now at $100+ trillion from what he has been able to dig up.

He also says our derivative markets are almost completely unreadable because of the scope of the debt involved. He, and other economists, estimate these markets are in the quadrillions of dollars.

 
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