Source – sovereignman.com
– “…We now regularly witness government shutdowns, debt ceiling crises, and gross government incompetence. But this is just the beginning. The national debt is growing far faster than the economy as a whole. And, especially if interest rates continue to rise, the trend will accelerate – It’s simple arithmeti”:.
On May 31, 1866, John C. Ringling was born in Iowa to German immigrants in what felt like an extremely bleak year.
The chaos and devastation from the Civil War that had ended in 1865 were still keenly felt, and the US economy was in the midst of a deep recession
The country was still shaken from the assassination of Abraham Lincoln.
And the new President, Andrew Johnson, was embroiled in a major political crisis with Congress that would soon lead to his impeachment.
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