Consumer and national debts are growing exponentially. The unsustainable nature in which we borrow money in order to maintain our economic system is the perfect definition of a bubble. But when will it burst and what will it look like?Learn More: Americans’ household debt surpasses $16T for first time | The HillAverage American Debt: An Overview | First Republic BankHousehold debt soars at fastest pace in 15 years as credit card use surges, Fed report says (cnbc.com)17 Canadian Household Debt Statistics [Updated in 2022] (reviewlution.ca)Canada Households Credit Market Debt to Disposable Income - 2022 Data - 2023 Forecast (tradingeconomics.com)Debt owned by U.S. households by type 2022 | StatistaCar Owners Strain as More Loan Payments Soar to $1,000 - BloombergThe U.S. Consumer Debt CrisisWhat is Behind America's Credit Card Debt Crisis? - InvestorsObserverConsumer Debt Isn’t Stressing Banks — Yet - The Washington PostUS Economic Collapse: What Would Happen? (thebalancemoney.com)Recession could be U.S. banks’ guilty pleasure | ReutersWill the Banks Collapse? - The AtlanticConsumer debt is at an all-time high. Should banks be worried? | American Bankerhttps://www.truthinaccounting.org/about/our_national_debt?gclid=Cj0KCQiA_P6dBhD1ARIsAAGI7HAGTpK7ZXOnvyAnoyAAysPmvwcwk9qjEl5kA3VyHGzkFfaDwu_67ekaAs4wEALw_wcBhttps://www.usdebtclock.org/https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/https://www.nytimes.com/2023/01/11/us/politics/debt-ceiling-economy-congress.htmlSupport the showPlease join us on Patreon for weekly bonus content and to join our Discord community. Hosted on Acast. See acast.com/privacy for more information.

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“What did the council decide on item 42?” — answered with the speaker and the moment.