UK bonds going basically no-bid. Japanese bonds going basically no-bid. It's only a matter of time until American bonds go no-bid. At that time, QE will be reintroduced, and inflation will be here to stay.
Leftists have attacked me for advocating for balanced budgets. They called me an idiot for saying interest rates can go up. They called me insane for thinking that no matter who was in charge they'd lose all their fancy social programs if the country was paying all its tax dollars into debt maintenance. Both sides of the political spectrum scoffed at me for calling for increased taxes and decreased spending.
Well... Just you wait. We haven't seen anything yet.
Leftists have attacked me for advocating for balanced budgets. They called me an idiot for saying interest rates can go up. They called me insane for thinking that no matter who was in charge they'd lose all their fancy social programs if the country was paying all its tax dollars into debt maintenance. Both sides of the political spectrum scoffed at me for calling for increased taxes and decreased spending.
Well... Just you wait. We haven't seen anything yet.
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@sj_zero Few if any voters want both more taxes and less spending, so there is not much political will there. And as for politicians, it usually is easier for them to kick the can down the road rather than actually solve problems. Such politicians get remembered fondly while they make things worse for future generations.
Very few people are willing to make sacrifices, so someone else is going to pay. The only question is when that payment time comes.
The road is out ahead and nobody wants to hit the brakes and let go of the accelerator. One group wants to hit the gas, the other wants to remove the brakes. Both think it'll get them to their destination faster, but instead both options will just send us off the cliff faster.
