I am looking at where things will be in the future, and I am confident that America can stop the train. America already voted stop and Obama continues to push. America understands, the politician are only starting to wake up to the anger that the average american has towards their overspending.
“It’s massive and there’s no way to pay for it. As it stands right now, looking ahead, default or devaluation throught the printing press are the only options.”
Actually there are quite a few options.
One, euthanasia.
Two, enslaving the young. We already see two. Young people are getting destroyed and their parents are wondering why. Why? Because there’s simply not enough of us to pull the till, and all of us have to pull and give 100 percent of what we earn, just to keep the till afloat.
Default means destroying boomer wealth, so it won’t happen. Boomers might agree to kill themselves through euthanasia though. We shall see.
The preferable boomer option is enslaving the young, which is what we do see.
“The preferable boomer option is enslaving the young, which is what we do see.”
Not going to happen long term.
Take a look at the trend of M1 versus M2 over the past few years. M1 is growing like gangbusters as compared to M2. So where is all that currency going?
Maybe I’m old fashioned but I think there will be an option 3, multi-generations living in the same house ala “The Waltons.”I don’t think we need to kill off the old people at all, although the families will have to assume more responsibilities for themselves. Just because people are old, they are not useless. You might have Mom and Dad out working while the grandparents help care for the kids and so on, to fill in the gaps the parents leave. I think maybe the period from World War II to now has been an aberration, the norm has been where the families stayed close by or in the same house with multi-generations, it was like that before World War II and during the Depression. We might be returning to that norm.