Inflationary death spiral....if you earned $1 per second...It would take 37,000 years to pay off a TRILLION in debt....Credit cards at 20% interest are at a TRILLION now. Auto loans and Student loans are well past the TRILLION $ mark.
To pay off the national debt at $1 per second it would take ONE MILLION years.
The CBO (congressional budget office) estimates TRILLION $ deficts for many years into the future
50% of American now recieve some form of government transfer payment....they also vote. They will never ever vote for anyone that doesn't print the money to keep the free shite coming and they absolutely will vote for those who promise to give them more.....it'sa debt death spiral from which there is no escape.
Death by fire or by ice...either will suffice. The FED who is the instrument of this inescapable disaster will crush the economy to halt the inflation but they too now are insolvent. They are unable to pay the government $100 BILLION they would have earned absent this spike in interest rates...the FED itself is losing money and insolvent.
Government tax reciepts will plunge as we enter recession and the FED all by itself will add $100 BILLION to the defict. What will the lunatics in congress do? They want to get re-elected...they will defict spend even more! The FED is tightening and the government is loosening! Unstoppable force hitting the immovable wall.
There is no way this can or will change. It's well past the point of no return. It will be a powerful tailwind for gold at some point but rest assured....when the shite hits the fan everything is going to tank in a big way.
Don't get out over your skis....a lot of really bad stuff is headed our way and there's nothing anyone can do about it.