THE GREAT DEBT MOONSHOT
$3B to $100T — Gradually, Then Suddenly
Egon von Greyerz warns that we are witnessing the final stage of the Western monetary order. What began in 1913 with the creation of the privately owned Federal Reserve has now reached its breaking point. The post-1971 world of unlimited credit and fiat expansion has produced an exponential debt spiral: from 3 billion USD in 1930 to 38 trillion today — a 3 million percent increase.
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