These articles that fret over how we can or can’t fix this kinda crack me up.
Imagine two men training to jump the grand canyon. One trains by sitting in front of the TV stuffing himself with beer and hot dogs while he watches football. The other takes steroids and works out vigorously on the gym and track and even has a professional trainer.
So, which one will successfully make the jump? Answer? Neither. It’s hopeless if they are depending solely on their human strength.
Likewise with this issue. We are at the point where we have spent our way into such oblivion that severe austerity or printing like Zimbabwe and spending like a drunken sailor will have the same result: collapse and world war.
Get used to it.
The smart people are using whatever they have to buy or make a parachute so it won’t hurt so much when they hit the bottom of the canyon.
The amount owed is about 20 times the total money supply.
Imagine someone oweing you $1000 and you know he’ll only ever make $50 in the rest of his life...
you’re not getting it.