by AdamB » Thu 06 Nov 2025, 20:36:59
$this->bbcode_second_pass_quote('Armageddon', 'T')he U.S. Now Has:
1. Record $18.6 trillion in household debt
2. Record $13.1 trillion in mortgages
3. Record $1.7 trillion in auto loans
4. Record $1.7 trillion in student loans
5. Record $1.2 trillion in credit card debt
Total household debt is now up +60% over the last 10 years and total credit card debt is up +50% since 2020.
Meanwhile, delinquency rates on subprime auto borrowers are at a record 6.1%.
Americans are drowning in debt.
Wow. And here is a thinking man's question. As the economy and population have grown, as have incomes able to service more debt, some of these metrics have generally moved upwards with both, others vary on the general condition of the economy.
So now, as the current dementia addled geriatric in the White House happily plays dice with the health of the American economy and credibility, these metrics might go higher just because. Generating the records you appear to be so afraid of, as an elephant is of a mouse as it were.
And, as we know from your posting history Armie, you ALWAYS use these metrics to predict the end. Have been for decades.
So can you explain why all these and other records you claimed mattered over 20 years now....but obviously didn't....are different this time? How are they different NOW, then all the other times where they didn't mean anything in the greater scheme of collapse and whatnot.
I'm willing to stick to just economic things, but you and most posters on this website claimed the same thing about peak oil.
And here we are, 7 years after THAT happened, and here we are whistling in a graveyard because of the embarassment involved.
Plant Thu 27 Jul 2023 "Personally I think the IEA is exactly right when they predict peak oil in the 2020s, especially because it matches my own predictions."
Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"