Well I looked over some old blog entries on my outer mises blog and found a most astonishing number:
Three years ago the US debt were 9.5 trillions. Now in November we have officially 15 trillions of debt. That mean more than 5.5 trillions more debt in just 3 years. Will say
the new debt growth is 10% a year !!!.
But imagine that is not even half the truth. The debts of Mae and Mac are undocumented. My figures to that time were around 5 trillions. And there were other promises of around 2 trillions.
Now if I take that in consideration we get from 9.5 to 22 trillions of new debt. that’s more than a doubling in 3 years or. The other way the debt growth is more than 25% a year!
Now if one things just Euro land is in knee deep trouble, think again.
Finally the truth is revealed. The poligangster are putting us all in misery. As Mises and Hayek have written. We were right and all others were wrong.