America’s borrowing binge has long been viewed as sustainable because of historically low interest rates. But as rates rise, the nation’s fiscal woes are getting worse.
Those in charge don’t care, but as material conditions continue to decline the country will plunge itself into social unrest. We’re already seeing that starting to happen right now. Sooner or later the whole house of cards collapses.
Those in charge don’t care, but as material conditions continue to decline the country will plunge itself into social unrest. We’re already seeing that starting to happen right now. Sooner or later the whole house of cards collapses.
There’s plenty of room to go before any collapse.
That there is.