" these situations resolve in one of exactly two ways. Not three. Not four. Two.
Outright default. Or default via currency debasement...inflation.
That’s it. There are no other exits. Zero. None. Nada."
I would respectfully disagree, Sir. There IS a 3rd Way that has never been Practised in Modern History: Jubilee. In Ancient Times when States and People spent Themselves broke, The Rulers got Together and declared Jubilee, the Absolution of incurred Debt. All Debt was forgiven, and Humanity started over...Would it ever happen Today??? Hahahahahahahaha......Welcome to Casablanca, Mr. Wick...
These guy’s are so good ! Keep up the analysis please !!!
" these situations resolve in one of exactly two ways. Not three. Not four. Two.
Outright default. Or default via currency debasement...inflation.
That’s it. There are no other exits. Zero. None. Nada."
I would respectfully disagree, Sir. There IS a 3rd Way that has never been Practised in Modern History: Jubilee. In Ancient Times when States and People spent Themselves broke, The Rulers got Together and declared Jubilee, the Absolution of incurred Debt. All Debt was forgiven, and Humanity started over...Would it ever happen Today??? Hahahahahahahaha......Welcome to Casablanca, Mr. Wick...
Yeah, thats no nonsense analysis 🧐 thanks