If we go down, the whole planet goes down with us. There will be no other place to “ride it out”.
My personal opinion is that this will get VERY ugly. Worse than most people can imagine. However, I’ve also been amazed at how they can STILL kick the can down the road, though with each kick, the distance is shorter.
They are now printing almost an additional one trillion a year. That means that as you and I may reducing our debt, our government is borrowing, on our behalf, $3,300 per year for every member of your family.
And Interest rates are going nowhere. They can’t. They would put a knife to our economy in one day. It would be easier to eliminate welfare.