Replying to Ralphy

Just to steelman, do you think people were saying a 10 trillion dollar debt was unsustainable as well? What about 15, 20, 25, 30?

Eventually it will be, the point is, I don’t think anyone has a clue when the hammer will drop
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Liberty Farmer 2y ago

Yes, and it was. Hence why it's now 33T. When inflation is always 25%, they complain and rebel. I hope

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Ralphy 2y ago

If you made investment decisions thinking 10, 15, 20 trillion etc… were unsustainable and that a collapse/debt spiral would occur, it wouldn’t have worked out well for you. I agree that it is unsustainable over a long enough time period.

But just like the gold bugs who have been shouting that the usd is about to collapse for decades now, so buy as much gold as you can, you’d be wrong.

Knowing the direction is one thing, but in investing the timing is equally as important

What’s that quote, the market can stay irrational longer than you can stay solvent?