MORE FREE MONEY!
That's what this economy is based on and that's what the people expect. The way we make money in America is by MAKING MONEY – literally printing it and giving it away like… money. I was going to say like candy but you can't create candy out of thin air so, if you tried to give away $6Tn in a year, you would go bankrupt and create sugar and labor shortages and even Bazooka Joe would run out of ideas for clever cartoons on the wrapper. But MONEY – that is created by simply flipping a switch at the Fed that adds another zero to the balance sheet.
Since 2008, our National Debt has climbed from a shocking $8Tn to what is a now a "Who gives a f*ck anymore?" $27Tn and, whether now or next quarter, the market is execting AT LEAST $2Tn of additional stimulus and at least $2Tn of additional debt in 2021 (there's no way to stop Trump's fiscal-year budget now) so we'll be over $30Tn in debt by the end of Q1 – more than 150% of our GDP. How long do you think this can go on?
$19Tn of additional debt in 12 years is $1.5Tn per year, close to 10% of our GDP is debt financing and our GDP was $15Tn in 2007 and let's even pretend it's $20Tn now, that's up 25% in 13 years so 0.5% annual growth which means our REAL, unstimuluted GDP is FALLING but, thanks to 10% annual stimulus – we're fine, right?
And we are fine, as long as we never, ever, ever have to pay that money back. And we probably don't have to pay it back because it's not possible to pay it back so our lenders have to either accept this ongoing fantasy and keep lending us 10% of our GDP per year (30% this year) or put us in default, which would surely collapse the global economy. So party on boys – they can't touch us!
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