“you want as much debt as you can service reliably — pay it off in fake Obama Bucks.”
That is assuming that in a wildy inflationary period, businesses and governmental employers will increase the wages of their workers so that a lowly social worker or some janitor will get a million dollars a week that will just cover expenses that 600 dollars a week used to cover.(ala Germany in the late 20’s, except that our wheel barrows full of cash will be electronic debit cards).
I think they’ll try instead to keep wages low inspite of inflation or they’ll just go out of business and more massive unemployment will pile up. One’s unpayable debts may be used as an excuse to enslave and take away the freedoms of the the populace. Prices for durable goods and electronic trinkets and toys will drop because no one is buying them while food and fuel prices will go beyond atmospheric in scale. Gold and silver won’t be enough to buy food and fuel.
Some folks may think that the biggest assests will be the food,fuel, and guns they have squirreled away; yet I think the most priceless assets anyone will be fortunate to possess will be trusted frieds, family, and allies! Good people will need to be able to secure relationships with other good people in order to survive what is coming, even if there will be little at first that can be shared in common between them. Our love for one another has grown cold; can it ever be reignited again?
Well put. and nice tag line.