Inflation, wild, runaway, double digit inflation is the only ‘rational’ way out of the mess we’re in.
125% loan-to-value today is 65% loan-to-value in 10 years.
$1.50 for First Class postage, $8 for milk and $10 for gas.
Inflation is how governments usually ‘finance’ their obligations. Unfortunately, they keep taking on more obligations with already inflated / devalued currency.
And the beat goes on...