One of the reasons the Fed lowered the prime rate to 0 is keep the interest on all that debt low so the PTBs can say its not a problem. Sooner or later, perhaps much sooner, they will have to raise rates and our interest expenses on all that debt will skyrocket hastening the down fall of the US dollar and our so called economy. You can only dance on the edge of a razor blade for so long.

Regarding the full power of the Dark Side of Debt, their arrogance has blinded them.
https://www.youtube.com/watch?v=AXHPj...

Economists who think increasing indebtedness can somehow keep market collapse at bay sort of remind me of a poodle puppy I used to have. The puppy decided one day that she was going to dig a hole in the water in her dish, flailing away with both forepaws. As she watched the water filling in the hole she tried to dig, she cocked her head, astounded the hole didn't remain. It only took a couple of times (and lots of water on the kitchen floor) for her to learn that no matter how hard she tried, she couldn't stop the hole from filling in. In that respect, she proved smarter than the economists, who after piling up an unserviceable national debt, still think more borrowing is the solution.

Straight Line's presentment is absolutely correct. But he is the voice of the turtle. No one is listening. Read carefully what even the "no spending" conservative candidates say and you'll see that they miss points in the total picture. Stop spending and lower taxes will be a help but that Boy Scout Troop remains on stand-by.

If an immoral person had acquired an unbelievable amount of debt yet had the brutal power to force other people to pay it, how would that affect the immoral person's spending splurges?

Good thing we still have so many good innovators and producers otherwise big central government social planners would have torn down the economy a while ago.

The debts of the U.S. were never intended to be paid. They are intended to destroy all economies, to create chaos, to foment a "rebuilding" as the powers that be have been engineering for decades.

Even though I would not want to see it happen, but some time the markets could end up in the Sub-Sub Basement. It's as if the brokers and retail investors (I'm one of them) are losing faith due to the volitility. Besides China, rising fears that gov't debt is also slowly dragging the markets into the darkness.

Not only is all this "central bank monetization and interest rate suppression" highly addictive, it is also pandemicly contagious.

Two concussions can be made here, they are stupid; which seems to be self-evident, or they do it on purpose.
For two days now I have been vetting This out;
History Behind the National Economic Security And Reformation Act (NESARA) go here for a coherent view of this act.
http://freedomclubusa.com/nesara_hist...

It relates to this story, sounds too good to be true but is supported by precise details and history that can be documented. The rest of it is "say, anything and you die" kind of stuff.
I might post this with commentary on my reservations of this gift without any personal accounting of us for allowing today's perversions to happen in the first place, otherwise we'll go right back to what we were doing wrong in the first place.

This subject triggered an old dino memory flashback to Biden saying "yes" to spending money to keep from going bankrupt.

https://www.youtube.com/watch?v=LHFEc...

"Candidate Clown" also just popped into my head.

It does seem that to some extent our fate is tied to China. I read that they are selling some of their US debt holdings. When does that become a problem?