In fact, there is not one sector in the
Private debt is now much higher than during the Great Depression, and has been allowed to grow as if there were no consequences to borrowing, and no limit to what can be paid back in the future. The
The Federal Reserve has bailed out the
What most American citizens don't realize is that the Federal Reserve, which controls the
While the name “Federal Reserve” might suggest otherwise, it is simply a private company set up by big bankers in 1913, a company that makes decisions based on profits, as required by stockholders. The Federal Reserve System controls the
The fact that Americans hold a great deal of private debt isn't troublesome to them, merely profitable.