However we're not bankrupt, our private central bank (the Fed) can always print more bucks.
Print more debt don’t you mean, FRiend ??
DUH. The U.S Government has been bankrupt for decades. Nothing new here except the number..
Ask the old Reich about printing money in hopes of printing prosperity.
At one point during a certain war, one could haul several trillion worth in reichmarks to a store in a basket, and the basket was worth more than the money it held.
And it’s getting out .... notice the price of precious metals lately?
bump
I’ve read/heard estimates from various experts ranging from $50 to $200 trillion of debt including unfinded liabilities. Whether it’s $50T or $200T, I would agree with Kotlikoff, we’ve been bankrupt for a long time. Most folks just haven’t realized it yet. When that critical mass of people do, then is when things really get to steamrolling.