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Politics : Politics for Pros- moderated
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To: isopatch who wrote (772017)11/16/2022 4:07:35 PM
From: i-node2 Recommendations

Recommended By
Jacob Snyder
kech

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This is a singularity that we’ve been luck on for years. Now, rates cannot be held in any longer.

By any reasonable definition, an entity, which relies on borrowed or printing money, and can no longer pay the interest on existing debt, is technically insolvent. The only counter argument is that we just print more money to pay the interest is a suggestion that makes absolutely zero sense — it just fuels bigger problems.

So, I view it as economically over. The voters don’t get it and they would never support leadership who starts to do what is necessary.

I don’t see how this ends other than with cash laying I the street.

I could be wrong in my view but if I am I’d like to understand how this isn’t our destiny.
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