Originally Posted by
Andy
As far as governments kiting checks, can you cite any country in the world that is debt free?
No one is talking about debt free. You can have a home mortgage and a car payment and have debt. The numbers behind these levels of debt are going to be unrecoverable its a matter of when not if.
Interest rates - what do you see driving up interest rates?
The people that make those decisions all agree, without exception, that rates WILL have to go up. The only thing keeping rates down is the rapid accumulation of debt in the first place. Then there's the while reserve currency ponzi scheme thing. We will be the first generation since WWI that has to deal with that.
LOL omg. Thanks for the laugh. The problem isn't liquidity, its debt, pending inflation and wealth devaluation on a scale we haven't had to deal with in a long time if ever. Keynes was an idiot and if the only good thing that comes out of all this is his legacy is properly smeared then I'll call it a solid win.
I remember a conversation I had with my navigator back in the 1990s when mortgage rates were below 8%. He said that interest rates would never be lower in our lifetimes.
We already pay people to take out mortgages with the ridiculous intrest deduction and one failed "community reinvestment act" after another. But the math behind the sum total of the bill for this folly we will have to pay will be staggering to the Keynesian theorists and central planning "experts".