4 ms·
It is still worse than this. The largest amount of the money is in the unfunded liabilities for social security and healthcare over the next 50 years. It is ha
by dutchbookmaker 2y ago
It is still worse than this.
The largest amount of the money is in the unfunded liabilities for social security and healthcare over the next 50 years. It is hard to even know what it is, 60, 70, 80 trillion?
Younger people will end up both paying for this while getting old from higher interest rates and inflation and then when actually old? The money has all been spent. Sorry, no services.
If you think the price of things are bad now try some fiscal dominance and debt monetization. I suspect it is already too late to avoid fiscal dominance. At 50, maybe I won't see it though. At 20? A 20 year old probably has a good chance of fiscal dominance, debit monetization and maybe even USD losing reserve currency status.