John Rubino – Getting Closer to the Minsky Moment

from Financial Survival Network

John Rubino and I have been talking for years about finally getting to the dreaded Minsky Moment, that time when an overly debt laden economy ceases to function. We’ve seen it in Venezuela and in Zimbabwe. Could it happen here? That’s the huge question. We may not be Venezuela or Zimbabwe, we could easily see another financial crisis within the next few years. And based upon market behavior, states getting ready to go bust and other bleak indicators, that moment could soon be upon us.

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