MarMema,
I’m not sure what to make of it, its too early to tell IMO.
I will say that any drastic change in the current international financial system will have a drastic effect on multi generations.
Which leads me to believe that the political & economic leadership will use anything including duct tape to maintain “the normal.”
It’s all about Cloward Piven.
Not only is the debt itself still growing at record rates, the full impact of the newly increased interest rates hasn’t kicked in yet either, as a lot of this current interest being paid figure is still based on older borrowing rates that haven’t expired yet.
So it’ll be a double whammy when all debt interest starts getting calculated at the newer rates, which will take a few years, but but those rates remaining high appears inevitable based on historical trends.
It’s a vicious cycle that’s really just starting to accelerate.