We are about to see a market explosion in the Western world — if capitalism is re-embraced.
It looks as though this is about to happen. The reality is that in the United States, as in most Western countries, the debt levels are reaching the unsustainable — or have already surpassed the unsustainable. The amount of national debt currently carried by the United States is verging on $37 trillion. That means the interest we pay on the national debt will soon — if it has not already — exceed the defense budget every single year into the foreseeable future.
Most of that debt is driven by welfare programs, means-tested welfare programs, badly structured welfare programs, and entitlement programs such as Medicaid, Medicare, and Social Security. All of those programs are the systemic drivers of debt in the Western world.
There are only two possible solutions to this problem, and both…
