I used to think that, but not any more. Its just going to be more QE if necessary, helicopter money, and low rates for decade(s) to come. We've already divorced our situation from reality and fundamental economics, so its rather a political and social issue now.
Instead, think of Japan over the last 25 years. A long, slow grind down, vs. a big crash.
Instead, think of Japan over the last 25 years. A long, slow grind down, vs. a big crash.
I tend to agree, if we are lucky. But it will only take one straw to break the camel’s back and then....POP.
Japan is a pimple on a gnats ass compared to our debt. If I knew 25 years ago this is where we would end up I never would have had kids.
Pure evil, pure insanity, pure greed...call it what you will...
Bottom-line....prepare, because it's all a scam.
Those that perpetrated the scam will be long gone(after enjoying the many fruits of their larceny), they simply don't give a sh t about the consequences for others...they got theirs.