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News Story Source: http://www.shtfplan.com by Mac Slavo
The rapid increase in debt held by Americans is a common theme in recent economic discussions. While the mainstream media largely ignores the massive debt overload of both the government, corporations, and individuals, many others can read between the lines. Once the defaults start, they will cause an exponential ripple effect that could take down the entire economy, and our food supply.
Not only is farming a demanding job (physically and attempting to comply with increasing government regulations while staying afloat) but it's financially taxing. And farmers are covering their losses by using debt: borrowed money, that many won't be able to ever repay. According to Reuters, this debt is disastrous because it will eventually affect our food supply. The amount of debt held by America's farmers has risen rapidly to 1980s-levels to $409 billion from $385 billion last year. Loan demand is remaining "historically high," U.S. Agriculture
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