Okay. The debt shouldnt be served anyways. Repudiated as illegitimate. Because the people actually made to pay it, the "taxpayers" did not agree to take it on. Simple as.
Billionaire investor Druckenmiller is concerned that rising interest payments on the debt will eventually consume government spending, leading to a fiscal crisis. He highlights that the current economic environment, characterized by low interest rates and a lack of political will to address the debt problem, could exacerbate this issue. He warns that the situation is so dire that the interest on the debt could eventually surpass spending on essential programs like healthcare, discretionary spending, and even Social Security. 🧡
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Discussion
What ends up happening is that, at an individual level, as a cohort of people pass away, debt is already being repudiated.
Legally, repudiated just means passed on to the generation below. Debt doesn't just go away.
This will further capture people already in other debt.
A great weight is going to be put on the millennials and later generations, and it is clear that a lot of people are preparing.
The pieces are in motion and, for many people, this is going exactly according to plan. Because it always has.
My point being, the debt is not legitimate. The people who took it out as well as the people which gave the loan knew that the person taking it out will not pay it, others will be made to pay through the armed robbery of taxation.
So its not an actual legitimate debt in the first place.