The St Louis Fed discusses how entirely fucked the system is in “Fiscal Dominance and the Return of Zero-Interest Bank Reserve Requirements”
Worth a read to understand the type of policies they’re likely to try in order to mitigate disintegration and kick the can a bit further.
I’ll save you the read this says it all🍊💊 now.
As a matter of arithmetic, the trends of US government debt and deficits will eventually result in an outrageously high government debt-to-GDP ratio. But when exactly will the United States hit the constraint of infeasibility and how exactly will policy adjust to it?
The document runs through the potential policy adjustments and the different impacts they might have and says whilst it’s not clear when it will hit, that it is now feasible to suggest it will happen in the short term.
Taking the orangepill should be a given - reading this helps to understand what’s gonna happen when the SHTF
