$273,885 for every person in the USA. From the ones born when I began this reply to the ones that will die before I finish.
Remember, money isn’t value, money represents value. Printing more money doesn’t solve the problem, it just divides the total value of the economy into smaller pieces on the premise that the number of pieces is what was agreed on, not the value per piece.
Unfounded liabilities at 550% of GDP means we need to use five years’ worth of economic activities to pay one year’s obligations. They could confiscate 100% of all income, and not even meet 20% of obligations. Redefine the dollar however you like, drive inflation thru the ceiling, the feds are obligated to confiscate over 5x what everyone earns in a year for any obligations indexed to inflation. Should those obligations not be indexed to inflation, the inflation needed to make the numbers work (i.e.: effective cheating) would wreck the economy.
Hyperinflation is their only way out of this.
And “out” means jumping over the cliff.
$273,885 for every person in the USA. From the ones born when I began this reply to the ones that will die before I finish.