[cripplecreek]

What it looks like to me is that these loans were actually IOUs given on the promise that generations of Americans will pay them off.

If that is even remotely true, our taxes can never ever go down because we’ll be forever paying off a debt that was created for no other reason than to create profit.

[Errant]

What it looks like to me is that these loans were actually IOUs given on the promise that generations of Americans will pay them off.

Not possible without ZIRP, which itself has us on a path to capital dislocation.

[OneWingedShark]

What it looks like to me is that these loans were actually IOUs given on the promise that generations of Americans will pay them off.

If that is even remotely true, our taxes can never ever go down because we’ll be forever paying off a debt that was created for no other reason than to create profit.

An institutionalized, generational debt [indistinguishable from slavery] like that? Wars have been fought for less, and [IMO] it seems like justification for one now.

There was a bible-verse that was really striking that I read a while ago, about parents stealing from children and how it was really wrong. Not to mention that America hasn't been about selling one's descendants into slavery (America was always individualistic, until very recently).