In Bill Bonner’s Substack newsletter, he shares a view of how our mad spending spree in America will impact future generations. Bonner draws upon his experience of what has happened in Argentina for some of his points.
Here’s the short clip I used from that article that is the content of this week’s video on Words Worth Thinking About.
“… when a generation of Americans got something for nothing, the next generation … must pay $1 trillion-a-year just to keep up with the interest on the things their parents and grandparents consumed.”
Bill Bonner
From his substack “Bonner Private Research”
Think about it.
Have we doomed our children and grandchildren to economic devastation and the political and societal collapse that will follow?
You might want to check out the article to see if you agree with his analysis.
Paying for Your Parents