Why the U.S. May Be Headed for a "Greater Depression"


Article Summary

As the global economy stands on the precipice of what could be a historical financial crisis, the echoes of past economic disasters loom large. The scenario described by economic analysts suggests that the United States, along with much of the world, is currently facing a debt crisis of unprecedented scale, not witnessed since the Napoleonic Wars. This mounting debt, nearing 100% of global GDP—with many countries including the U.S. exceeding this threshold—poses significant risks that could trigger what is being termed the “Greater Depression.”

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