“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?
Commodities, Stock Market and Bank Reserves.
Our REAL economy is 60-70% of what it was 5 years ago and our stock market is at record highs along with commodities. However, the combined value of stocks and commodities is dwarfed by the scale of mortgage defaults past and future.
Deflation combined with sovereign default will be the outcome.