Quote:
Originally Posted by slapass
You can also inflate out of the debt. The US wants to do this. I am not sure whose plan it is or if it even is much of a plan but we bring it up a lot.
|
only up to a point - if this point is passed the inflation canīt be stopped.
as US also have dept in other currencies the only ones who can lose on that are the own citizens and banks - but the dept in foreign currencies would rise.
so this is also not a good plan.
the true answer is as simple as it is frightening:
no president can ever be elected who tells the people the truth - and the truth is that US lived in the past centuries from borrowed money.
if someone comes and would say: "time to pay back" he would not have the smallest chance to win.
So people will keep trying to choose a supposed wizard who promises them everything he can never keep.
americans are not even reasonable enough to give up their weapons - and even less are they willing to forego prosperity to finally pay off the debts of their fathers and grandfathers.
nobody with the truth on their lips would be listened to. because this truth is unpleasant. and that goes on until the big crash.