Jim Nelles: There’s no way for Biden administration to rationalize inevitable financial catastrophe

Economist and Supply Chain Consultant Jim Nelles talks about the increased cost of living over the past twelve months and the spike in credit card debt. “It’s going to get to the point now where we’re going to see a really big bubble with consumer debt, and when you add that on to the $33 trillion of debt that we have and the trillion dollars a year that we have to spend to service the debt, it’s a financial catastrophe that’s just waiting to happen,” says Nelles.