Quote (InsaneBobb @ May 29 2021 01:01pm)
So all the bullshit aside, we're going to spend 6 Trillion this year, and based on historical record spending never reduces, only increases...
How does this benefit anyone? The Federal Reserve has kept interest rates low for decades. What happens when it becomes clear that inflation is hitting, and they raise interest rates, and the payment on the debt, artificially deflated for decades, goes up to a trillion a year?
I'm all in. Let's go. Fuck this country. I want it to burn just so the pieces of shit who're defending such an outcome can experience it. I'm solid. Are you?
Benefits the yolo crowd and people who basically just live to consume today. I'm concerned because I have a kid and probably will have more. The world we are going to leave behind for them most likely won't be a better one from an economic perspective. The dollar lost 10% of it's purchasing power this last year alone.
You're starting to see some cracks with some of our biggest debt holders losing the appetite to buy our bonds. Russia dumped most of it's US debt, China is slowly unwinding US debt. More countries will follow if we continue to debase the dollar. I don't think it's an issue for the next 5-10 years but give it 20-30 and we could see some real negative consequences, things that we've never seen before in this country.