Yankees Swimming in Debt: Who Will Pay the Piper?

While the Central Bank goes on its merry way printing free money, massive debt continues to accumulate. At the macro level there are the debts of capitalists and the state. At the micro level, renters face $75 billion in back rent while mortgage holders are not far behind. The biggest debts of all are those with student debts owing hundreds of billion of dollars. What will happen when people don’t make enough money to service the debt?

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