It’s going to happen one way or another.
With somewhere around $100 trillion in combined debt and unfunded liabilities there are really only two realistic outcomes - a collapse and default or inflate the dollar to the point it can all be paid off with what will amount to pennies on the dollar.
Politicians will elect to inflate the dollar if given a choice but they might not get to choose. Their one-world utopian economy has linked our destiny so closely with Europe that they might well drag us down.
From our vantage point the end effect on us and our children will be the same either way - TEOTWAWKI
“With somewhere around $100 trillion in combined debt and unfunded liabilities there are really only two realistic outcomes - a collapse and default or inflate the dollar to the point it can all be paid off with what will amount to pennies on the dollar.”
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In a nutshell.
Go ahead you adamant, “sky is not falling” types; paint us a scenario, a way out of the woods, that does not include one of the two endpoints IM has cogently illustrated.
No, kickiing the fiscal can, YET further down the road does not count.