[That sounds like the strategy of Bernie Madoff. It works great.... until it doesn’t anymore. And then things start happening very fast. ]
What’s your forecast? Zimbabwe? Mad Max? Cannibalism? How long will this take?
Around 50 years ago we were the largest creditor nation. Then we went off the gold standard and went to a completely fiat currency standard and transformed our country into the largest debtor nation. Prior to that time we were known as probably the greatest industrial nation. Then we chose to move more and more production overseas. Measured by the capital markets, we still looked great though.
I don't believe we can continue expanding our debt levels exponentially indefinitely. It's like blowing up a balloon. There are limits to how long it can be done, even if the balloon has never popped before.
If economic growth and inflation as a way of dealing with fiscal debt has stopped working, someone forgot to tell the capital markets.
People were continuing to hand money to Madoff until the day the curtain was pulled back.
What’s your forecast? Zimbabwe? Mad Max? Cannibalism? How long will this take?
I'm old enough that I'm expecting it most likely won't happen in my lifetime. Wouldn't surprise me if I'm wrong on that though. I'm very doubtful that things won't change drastically in my grandkids lifetimes.
When the situation truly changes, it will probably a Mad Max situation at best. I'd expect the globalist decision-makers to nuke the world and destroy everything possible rather that admit they were wrong.