'Till Debt Do US Part

If you are in any doubt as to the financial trajectory the West is on, the following headline should clear things up for you.

I think we can all safely assume that a new $1 trillion in debt every 100 days is not sustainable - not just for the United States but for the entire world.

Of course, many will claim debt isn't a problem, as the US can print more money to pay off their debts. Only a few years ago, politicians and media experts pushed this magic pudding economics.

They called it Modern Monetary Theory (MMT), and, just like socialism, they claimed the failure of this approach previously was because it wasn't done correctly.