In real life, this would cause interest rates to surge due to a shortage of cash, and then the NAVs of those bonds to plummet (as well as stocks, commodities, etc). This almost happened last year in March 2020 which is why they fired up the printing presses.
I think actually we're both on roughly the same page.
The key takeaway is the system has inherent design flaws that render its long-term viability impossible. My position is that we're in the end-game for that and have been for quite some time now. This is why the elites urgently need to pivot (sorry, "Build Back Better!") to a new system where they can continue to hold the levers of power, before this one collapses utterly and they lose their power and leverage during the descent in to chaos.
If only there was a better system, but the real problem here is the average person, not just the elites.
They want free shit, paid for by others, and they want it NOW. They want to look richer than the person next to them, purely out of vanity, which means they all want to possess and consume way more than they need or can afford. Oh yes, they also wanted it served on a silver platter, with no work involved, and no strings attached.
The only way to provide this illusion is through the magic of voodoo economics, hence the Federal Reserve and the house of cards that is currently our economy.
Well, I take a different position. I think that yes, greed is clearly a factor; but rather all the "regular" people are making at least semi-rational game-theory style responses to a rigged system that they will never stand on an even footing in.
The first-cause domino was the creation of the Federal Reserve in the first place; which regular people certainly never asked or wished for. Everything else is downstream from that.
In real life, this would cause interest rates to surge due to a shortage of cash, and then the NAVs of those bonds to plummet (as well as stocks, commodities, etc). This almost happened last year in March 2020 which is why they fired up the printing presses.
I think actually we're both on roughly the same page.
The key takeaway is the system has inherent design flaws that render its long-term viability impossible. My position is that we're in the end-game for that and have been for quite some time now. This is why the elites urgently need to pivot (sorry, "Build Back Better!") to a new system where they can continue to hold the levers of power, before this one collapses utterly and they lose their power and leverage during the descent in to chaos.
If only there was a better system, but the real problem here is the average person, not just the elites.
They want free shit, paid for by others, and they want it NOW. They want to look richer than the person next to them, purely out of vanity, which means they all want to possess and consume way more than they need or can afford. Oh yes, they also wanted it served on a silver platter, with no work involved, and no strings attached.
The only way to provide this illusion is through the magic of voodoo economics, hence the Federal Reserve and the house of cards that is currently our economy.
Well, I take a different position. I think that yes, greed is clearly a factor; but rather all the "regular" people are making at least semi-rational game-theory style responses to a rigged system that they will never stand on an even footing in.
The first-cause domino was the creation of the Federal Reserve in the first place; which regular people certainly never asked or wished for. Everything else is downstream from that.