That is the problem, and the high interest rates in the early 80s brought it under control. But at that moment, we were the world’s biggest creditor nation. Now we are the worlds largest debtor nation... and that includes in all of human history.
So if rates are raised it kills us. If they are not, we are doomed.
There is only one way out of this debt and that is to repudiate it and roll out a new currency. Enter the central bank “digital dollar” and the great reset. The excuse of course will be Trump and covid, Russians, etc etc.
All of this is about that. There is no other way out.
> All of this is about that. There is no other way out.
And the present policies are in place to push it to inevitability. At some point there must be a “crisis” to push it over the edge.
The tail is really starting to wag the dog.
All of this is about that. There is no other way out.
Pump and sell oil, natural gas, mine and sell coal. Like crazy.