The latest wave of financial markets’ volatility is caused by a combination of factors, including the world’s addiction to debt over the past 30 years and serious flaws in our political systems.

The debate over the United States Government’s debt ceiling and Standard & Poor’s downgrade of US Government debt from AAA to AA+ have brought these issues to a head.

The United States has a long history of spending far more than it earns. The Federal Government has run a budget deficit in 69 of the 81 years since 1930.

Read Brian’s full article here

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