Consider systemic failures.
That’s where I believe we are headed. And, not because of any inaction, but by designs. The system MUST fail, fiats don’t last more than a few hundred years. The so-called “debt”, which is a fallacy in itself, because a dollar by definition is debt when it is printed into existence.
Expect the $34T and the bigger $250T beside it in other accounts, to be wiped clean in a black-swan reset.
We’ve never really paid any principal whatsoever to the “national debt”, system is not designed for that to happen. Only thing that has mattered was an ever-increasing M2 money supply. The notion of the FED reigning in inflation to a 2% target is ridiculous - it’s like a mugger taking 2% of what you have, compounded every day.
Liquidity/solvency will no longer matter in that specific scenario.
I think systemic failure is coming—but I think it may take decades.
The Roman Empire stumbled and bumbled onward for many decades after everyone knew they were toast—as just one example.
“That’s where I believe we are headed. And, not because of any inaction, but by designs. The system MUST fail, fiats don’t last more than a few hundred years. The so-called “debt”, which is a fallacy in itself, because a dollar by definition is debt when it is printed into existence.”
I fear that you may be right. And we already know that the Marxists, led by America-hating Obama/Soros, are and have been trying to destroy us from within. Stealing the 2020 election was just one step toward that agenda fulfillment. Ukraine draining taxpayer $$$s is another. Only question is.. what will be their ‘next’ step.