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Bloomberg: America’s Looming Debt Spiral

StraightEdge

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I have written many times in this forum about this (like here); looks like some people are going to get a reality check in few years.

Debt now -

Screenshot 2023-09-29 at 10.07.33 PM.png
 
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Inflation is America's way of wiping out its debt. As the dollar loses its value, the debt also becomes smaller.
 
You pay back your debts with cheaper money. BTW, it is not 'America's way'; it has been practiced since ancient times. It is known as Debasement of money. Even China is doing it, by maintaining near parity with USD and not allowing it to raise.
 
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