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Friday, November 13, 2015

Did you know? $60 trillion in credit debt. Only $250 billion of cash active in America

http://pro.bonnerandpartners.com/BBLFALLINGDOWN39/PBBLR704/Full

Eight out of ten people live in cities or suburbs. Almost no one, not even the farmers themselves, can survive off of food they grow themselves. Instead, they all depend on credit. First, the farmer gets a loan from the bank to buy his farm.
Then he uses credit to buy supplies, fuels, fertilizer, seed – everything.
After the crops are sown, the wholesaler, who got a loan to build his warehouse and processing center, uses credit to buy the raw food from the farmer so he can process it and package it.
Then a trucker, who got an auto loan to buy his truck, uses credit to buy fuel so he can haul the food to a retailer.
The retailer needs credit to keep the lights on and the shelves stocked and the stores open.
Each part of this chain can afford to take on that debt because they know that eventually the consumer will buy that food, mostly likely using a credit card.
If any one, crucial piece of that chain stops working…

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