[ExI] Even India and Haiti do it better

spike at rainier66.com spike at rainier66.com
Thu May 7 23:13:11 UTC 2020



From: extropy-chat <extropy-chat-bounces at lists.extropy.org> On Behalf Of William Flynn Wallace via extropy-chat
Subject: Re: [ExI] Even India and Haiti do it better


 That we have failed to balance the budget for decades will mean lenders will not come stampeding to loan the US more money,  spike


It has never happened before.  Why now?   As John pointed out, we have never balanced the budget.   bill w



Why now: because other countries are having their own financial difficulties for the same reason we are.  They may realize two things simultaneously: the US government has set up an enormous Ponzi scheme, causing it to slip ever further into debt, slipping faster with an accelerating rate of acceleration.  The second thing: they need their money now.  


When that happens, suddenly the lenders stop lending, and start wanting to borrow.  That sends the interest rates thru the roof.


OK.  Then what?



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