Hell, this doesn't even account for the fact that the dollar has lost over 10% of its value in the last year because of this insanity. In fact, it's now nearing 15%. That means every single American took a 10% pay cut and lost 10% of their net worth because of all this debt creation/dollar printing. This isn't a net positive for ANYONE.
Not to mention, our interest payment on the national debt will exceed 600 billion this year and more every year in the future. Gee, I wonder what happens when our interest payment is 25% of the revenue the government can generate? Or 50%? Only good things, I'm sure.
Toss on the fact that the petrodollar is nearing its inevitable end which means tightening our belts is more important than ever, and we've got ourselves a nice little horrific disaster on our hands. Gen Z has no idea how horrific the 2nd half of their lives will be.
Hell, this doesn't even account for the fact that the dollar has lost over 10% of its value in the last year because of this insanity. In fact, it's now nearing 15%. That means every single American took a 10% pay cut and lost 10% of their net worth because of all this debt creation/dollar printing. This isn't a net positive for ANYONE.
Not to mention, our interest payment on the national debt will exceed 600 billion this year and more every year in the future. Gee, I wonder what happens when our interest payment is 25% of the revenue the government can generate? Or 50%? Only good things, I'm sure.
Toss on the fact that the petrodollar is nearing its inevitable end which means tightening our belts is more important than ever, and we've got ourselves a nice little horrific disaster on our hands. Gen Z has no idea how horrific the 2nd half of their lives will be.