“ This is going to happen again eventually.”
They won’t, they can’t, without destroying the federal edifice they’ve built to make themselves the Uber-wealthy. Interest rates will remain at or near zero in order to keep the federal government “operating.” They’ve chosen to inflate their way out of runaway debt - or if not out of it (as they are expanding debt so rapidly they can’t really catch up to it) at least allow them to keep the system moving ahead while those rates remain docile.
It is the standard of living of average, working Americans that will take the hit. They’re OK with that too…climate change is what is really responsible, wink, wink. But here is an iron-clad rule…when standard of living decreases, violence increases. The last world war was the result of one of these episodes. When the American standard of living, which had been relatively recently the highest standard by far in human history, takes the hit from this, the river of blood that will be spilled here will make the Mississippi look like a desert wadi.
Hi Scott, brilliant post
You mean when the poor dont get their checks or find out their checks are worthless then there will be trouble? Is that what you’re saying?
It’s not impossible though I think we might be a few years away from it.