There's really no feedback loop against doing anything stupid with the current monetary system; quite the opposite - becoming insolvent is apparently subsidized

There's really no feedback loop against doing anything stupid with the current monetary system; quite the opposite - becoming insolvent is apparently subsidized by the federal reserve apparatchiks. The banks cant lose no matter what, so you can't expect very much rational economic activity to occur. Now rewrite your post in the context of the federal government's promises. (Total unfunded liabilities). >Doesn't look too encouraging for anybody Indeed, save perhaps private security guards.