Back in 1980, America was the worlds biggest creditor nation. Now we’re the biggest debtor in all of human history. 20% prime today would collapse our economy as bad as the Great Depression.
On the other hand, if we don’t raise rights, the economy will collapse in hyper inflation. So do you want to be bitten by a rattlesnake? Or mauled by a mountain lion? Those are Americans choices
Those two would be kind in comparison to what lies ahead for USA.
I agree with your analysis.
The only question is how fast and how far will be the fall.
We are between a rock and a hard place. Need more money, print it and cause inflation.
$32 trillion at 10% interest is $3.2 trillion. That’s more than all revenues combined except for Social Security taxes.