How strong countries become weak countries

Money in the bank makes entities resilient, Debt makes them vulnerable

Doug Casey has written a detailed analysis and has a subscription service for you to read more of his thoughts.

This analysis makes sense to me, but cruising through the nine steps is not inevitable. The USA has the first five steps covered, and you could argue we have completed Step 6, too. Maybe we are in Step 6.

In any case it is my humble opinion th…