Raise rates? This isn’t 1981 when we were the largest creditor nation in earth. Now we are the largest debtor nation I’m human history. Rates go up and we implode. Rates don’t go up and inflation kills us. We are painted into a corner, and their answer is a great reset and a new digital currency.
” Rates go up and we implode. Rates don’t go up and inflation kills us.”
It’s only a problem if rates are higher than inflation. Right now the gov’t pays 0.5% interest on a currency that is shrinking in value by 6%.
Long term that has always been the plan to get us out of debt.
So true. They're trapped.
Precious metals are probably a good defense.