reply on: USA: Debt Spiral And Geopolitical Reality \ stacker news ~meta

Let's see if Jerome loses his nerves....

The government's income is not enough to cover its debt. It will have to print more and more money. It's a never-ending cycle.

Hate to be that guy, but it does end and it ends badly.

It ends in full-blown kinetic war.
To distract countries, the masses and everyone from the fact that they (like many other nations) can never pay back any of their obligations and debt responsibilities.
It's a mathematical black-hole they can't escape from. They need conflict to erase the "ledger". And decide which country will take the fall for the next 50 years.
People talk like they plan to pay it back or print their way out of it. It's not possible.
They will not print until things get really really bad. My best guess is April 2024.
Right now, they seem to be intent on driving the economy into the ground.
They know they have lost all credibility. You will see riots on the streets before they print again. And no good doing it now, when the election is next year.
The U.S. Government needs to drum-up support for their war plans. Destroying the economy breeds anger and support for the many conflicts the U.S. is (at best) encouraging, if not creating, around the world.
Once they have created widespread unemployment, only then may they buckle under pressure to print. And they likely won't do it to prop-up asset prices, they'll do it to fund their "defence" and military plans.
In spite of that, Bitcoin seems to be being recognised right now as a "risk off" asset, rather than "risk on". Equities are about to tank and Bitcoin could be decoupling.