01-02-2021, 10:41 AM
I think everyone will agree that when the house of cards crashes down it will do so spectacularly. The question becomes, what's the best option? To change to a policy of paying down the debt and fiscal responsibility will topple the house of cards anyway. The best bet from a nation standpoint is probably to keep printing Weimar style until you can't anymore. Buy as many of hard assets as you can can. Build and repair as much infrastructure as you can. Unfortunately, that's not happening either. We don't know how much gold reserves we truly do have, but we couldn't return Germany's gold to them so it's not a good sign.
China right now is barrowing as many FRNs as they can. Why? They know it's worthless in the end anyway. They're buying as many hard assets as they can. They're building up their infrastructure. They are trying to buy as much gold or silver as they can. When we come to collect, they'll be like Paddy Tannanger from Family Guy.
At this point the US should be doing pretty much the same thing. Fiscal responsibility can only happen with a return to sound money. That can only happen after the MMT Federal Reserve system crashes.
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