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    Why The Next U.S. Recession Will Be Exceptionally Painful

    Our enormous & unserviceable debts are going to crush us
    by Chris Martenson

    Monday, June 3, 2019, 2:29 PM

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We all know another recession is coming at some point.

Economies are cyclical. Bust always follows boom in the same way the moon follows the sun.

We very nearly had a recession in early 2016. I remain impressed how it was averted then by the application of tremendous amounts of newly-printed-from-thin-air money.  It took several trillions of dollars globally, but it worked (if we can call enabling the global economy to take on additional $trillions in debt that will never be repaid ‘working’)

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