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Restarting is not the accurate word. The word we should be using is continuing. It's been continuing since 2008. There has been no financial reorganisation sinc
by simonblack 4y ago
Restarting is not the accurate word. The word we should be using is continuing. It's been continuing since 2008. There has been no financial reorganisation since then, it's been a matter of 'kicking the can down the road'. Unfortunately, it seems we have 'run out of road'.
To protect the economy, there is inflationary QE. Unfortunately, to fix that inflation we have to have much higher interest rates. Just the increase of 2% in the interest rate means that the interest rate increase alone on that 32 trillion dollars of debt is 640 billion dollars, almost as much as the Defense Budget.
So it comes down to, very soon, do we 'choose between guns or butter'? Because the US can not afford both.