They just want our leaders to keep flooding the system with more money so that the party can continue.
Yes, the party will continue for a little while longer, but once the lights are finally turned off nobody will ever be able to turn them back on again. ***
I think the author is somewhat wearing blinders. 1/. It is true that the U.S. population is not much interested in the dollar as the world's 'reserve currency'. However, we are on track to have a $2 trillion deficit in the federal budget just for this year {despite the administration's continuing lies.}
Going on in the background is inflation, which the administration is continuing to lie about. It has to be at least 20% at present and almost certainly will continue to rise. The deficit spending is being financed by borrowing, and the desirableness of lending America more money is diminishing. The Fed appears to be generating loan money from the country's banks buying the Fed Notes.
At present the interest on that debt is approaching $1 trillion annually, bumping down the defense budget, the entitlements like Social Security, Medicare and welfare type support $$$.
Meanwhile, those national banks are holding Fed Notes that pay 1% - 2% while inflation starts to top 20%. If an individual has a savings account that pays 4% and the inflation rate is 20%, obviously the individual is losing his savings principle value with each passing month. The same would seem to hold true with national banks investing its equity wealth in low yield Fed Notes.
Banks can offset such losses by raising interest on its own loans and cash advances; but such increasing squeeze on available currency for spending will show up in the banks balance ledgers and in the national available currency totals {the term escapes me on this hectic day.} Banks are already failing.
2/. They just want our leaders to keep flooding the system with more money so that the party can continue... That looks good for Wall Street and financial markets but it does not generate a growth economy. The crash of the Great Depression in the '30s proves the folly of such strategies.
3/. Yes, the party will continue for a little while longer, but once the lights are finally turned off nobody will ever be able to turn them back on again ... This is Occam's Razor: when will the bubble burst❓ Some say soon, some say in a year or two, some say in eight or ten years - or more.
The problem is that no one knows, and most are not going to say when and be accused of causing a 'bubble' to burst❗ I think that the Fed and the administration have been playing games to hide the reality of the present danger; just hiding a constantly rising inflation rate while continuing to flood the economy with monopoly dollars is lulling the average citizen into hoping for the best. We 'elders' have all been ensnared in that trap - in 1980, in 1987, in 2008, etc.
Do your best to be prepared for when "the lights are finally turned off." Think 'Barter Economy'✔
I meant to add that this present ‘game’ will continue through the election. If Donald Trump is elected, they will let the system collapse around his ears. ➡ Herbert Hoover 👈