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10 sats \ 1 reply \ @Undisciplined OP 19h \ parent \ on: What Will the Next Gold Bust Look Like? econ
The progression here will likely be slower because of that but we are now in the fiscal death spiral.
They can't afford to service the debt without printing more money. That means the inflation target is no longer relevant, which we're seeing now as they cut rates while CPI > 2%.
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42 sats \ 0 replies \ @didiplaywell 18h
Oh by no means I mean "you shouldn't worry at all". Do worry in all seriousness and do voice your concern, so that more voices join you. I just wanted to clarify that there's an abyss between your worst case scenario and what we have lived in Argentina. But, the only way to keep standards high is to defend your line, no matter how far ahead.
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