There are 4 ways to solve a global super power debt crisis:

1) cut spending

2) increase tax revenue

3) inflate currency

4) permit global war amongst all debt holders, make bank selling weapons/war profiteering to redeem debt, win war and keep super power at center of new monetary system.

Look around. It’s happened before:

1933: US defaults on gold standard, issues executive order 6102 to confiscate gold (https://en.m.wikipedia.org/wiki/Executive_Order_6102)

1944: US only currency backed by gold, all others pegged to dollar (https://en.m.wikipedia.org/wiki/Bretton_Woods_system)

Look around again: it’s happening now too!

When did world war 2 start? How did you decide on the date you picked to answer the question? Now go back in time to that date, would _everyone_ agree that’s the date the war started? No!

You see, we won’t realize world war 3 has begun until years later. There is a good case to be made WW3 started when Russia invaded crimea in 2014 or Ukraine in 2022…