I still think there will be a general default — call it a Jubilee if you like — and a massive reset. The global financial system is a meaningless house of cards. It’s propped up because “whatever” and eventually it’s just going to crash.
When it does crash, just like GM, those bailed out will be parties preferred by the government, AKA, the donor class, including corporations.
I’m not anti-corporation. I’m anti-corporate-government alliances.
There is no separation of church/state. But. There OUGHT to be a separation of free market/state.
"Though central banks are constantly claiming their policies are intended to spark "growth," their over-riding motivation is sustaining the colossal mountain of debt that is the foundation of the Status Quo's wealth and power. If interest rates rise, the debt can no longer be serviced without ballooning deficits (i.e. more borrowing just to pay the rising interest) or the extreme pain of budget cuts--cuts that will necessarily come of discretionary government spending or entitlements."