Posted on 04/05/2022 9:45:22 AM PDT by Browns Ultra Fan
Back in the day, before the give money away rates, I could get 12% Guaranteed Investment Certificates. Inflation was moderate and the market did OK. That was about ‘97/’98.
“but I’m thinking it is so bug it does not matter much anymore”
Correct.
The question is not if we default, but when.
It will be this decade.
Maybe we’re both stupid assholes:)
BIG of course and not “bug”.
Why do you think the default will be this decade?
I think it will be so eventually but not sure when. Eventually you can’t pay the interest. Just not enough money in circulation unless you just go print some more.
It all seems like a huge Monopoly game to me. Eventually enough of all the money goes to a few pockets and just sits there and nobody else can buy. That has always been my vision of the Depression. Simple yes but not too far off I think.
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