“staggering national debt of about $30 trillion”
Hungarian pengu (1946), anyone?
I see global default as inevitable. The level of debt can’t be repaid. The Central Banks (i.e. Federal Reserve) have created an unsustainable and ruinous system and at some point a Jubilee will have to be declared.
It will be damaging, of course. But the current system is damaging. And if we continue down the current unsustainable path who wins and who loses? The little guy loses and the banks win. If we declare a jubilee and debt is erased, who wins and who loses? The little guy wins and the banks lose. Well, the banks caused the problem, so why shouldn’t they lose? It’s not like the Federal Reserve are the Good Guys.
People will say a default is impossible. I say paying off the debt is impossible. You’ve got two impossible things. One of them will end up being possible.
A TARIFF will close the deficit, protect US jobs and industry WIN -WIN.
The income tax is EVIL.
Tariffs are Patriot Candy!!!