it could simply be that usa fiat money inflation cannot act fast enough or powerfully enough to prevent the onset of a debt-bust triggered planet-wide triple waterfall re-pricing one otherwise fine and beautiful morning
once the psychology of fall takes grip of the anxiety of j6p, all bets are off
... and should the measures imaginable (total confiscation of all private assets at one dire end of the spectrum, to absolute forgiveness of all private and public debt at the other nasty end => same solution, namely 'taking' from someone to give to someone else) be called to do the dirty 'bubble cleanup' work, backed by the sort of politics that enable such solutions, a greater and nastier still fall awaits, within 60 months.
history of bubbles invariably end up in bust of value and pricing, at some least convenient moment (all such moments are inconvenient)
deflation, defined, is contraction of money pool
and when money is no longer good (i.e. debt/inflation poisoned), the useful pool shrinks, even if it is still expanding by zeros
so, argentina or zimbabwe, a to z, ultimately leads to the same destination, a bust of value
when money no longer earns a real interest, it is getting to be no good, and so the process plays out in front of us |
