It’s the last game of pass the parcel. When the tech bubble burst, balance sheet problems were passed to the household sector [through mortgages]. This time they are being passed to the public sector [through governments’ assumption of banks’ debts]. There’s nobody left to pass it to in the future.David Bowers of Absolute Strategy Research
Empire to Kingdom of God (17) - More expansion occurs as the gospel is proclaimed mightily in the power of the spirit. The government shrinks as its power collapses.
17 hours ago