| | | there are several issues possibly important and they are more in the nature of mathematics as opposed to faith / philosophy
(1) Team USA (federal) owes ~21 trillion marketbusinessnews.com (close-enough for government work)
(2) Foreigners own ~30% and declining share of the 21 trillion marketwatch.com - believe this small portion shall continue to decrease (down from 50% since 2009, due to acceleration of team USA debt incurrence)
(3) On top, only a small fraction of USA state and municipal debt (~4 trillion) are in foreign hands (100 billion) - believe this portion shall not materially increase
(4) Foreigners have issues w/ USA corporate debt standing at ~6.5 trillion forbes.com and it is to do with currency hedging bloomberg.com and home-country competition, and call it 30% cnbc.com . Do not expect this number to materially riser.
(5) All debt is tagged to the US$ T rate, that which is allegedly risk-free and so sporting the risk-free rate
(6) Amongst the below probably be the issues that matter when they matter, in due course
(6-i) Rising debt service nytimes.com past eventual juncture where cost of interest crowds out a bunch of numbers even if manipulated to be ultra low, and should (once) interest rate is increased by the market (even if offset by Fed negative interest rate), exponential function takes over from hyperbolic equation
(6-ii) Crowding out effect operating on USA corporate and non-federal official debt (I suppose the Fed can try to bail out everyone and everything and even eventually renege, but would be interesting to see that process of nationalisation work in practice)
(6-iii) of book / unfunded debt starts to matter - forbes.com and I suppose this would have to be reneged on as opposed to crammed-down on future generations, for at some juncture the future becomes now
(7) There is a moment in any struggle where the rebellion surges, and the problems go exponential, and when such point reached, the shear intensity of the surge would overwhelm otherwise well-organised defence in layers, never mind not-well-organized ad-hoc stop-gapping
(8) Again, I recommend mises.org
(9) The end-game is of course default, that which is never ever painless, and often enough quite traumatic
(10) This time while the actions are global, the use to which the debt is put to are very different due to the dots on the debt cycle per workings of history
am guess history is important and math quite relevant
watch & brief, and some pictures may tell a more pointed script, about inescapable cycles, super cycles, m and super grand cycles
as soon as the general population of EU states see why their common currency must die to serve the interest of foreigners (i.e. the greater good per regime-change etc), Germany may likely say, "enough" and opt out, and once so per nothing is forever, the relativeness of everything gets a re-shuffle, and then onward and upward w/ the siege of the castle, then the deep keep.
Japan would say something soon after Germany does so, and so on.
Trump asking Germany and Japan to carry the water is certainly proper, but as far as empire-maintenance goes, a slippery slope, and without the empire a lot of stuff that is premised on the maintenance of the empire falls away
for each time the cage is opened, it seems ... oh, never mind that eventuality for now.
my dada did not have time to teach me much of the stuff I could have used in school, but did leaven me with some scribbles. what he did teach me, on how best to be, was useful in life, but not academically. I am thankful.
am trying to do better w/ the coconut and the jack jr, and have lots of teaching aids
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