It's really amazing the world we live in. How many purposeful distractions are put out there in order to steer us away from the truth. Oh it's Holiday shopping time! Oh didn't you see the WORLD CUP! It was the best in history.
Math is a holy science?
So here is the simple math which would be easy to explain, but nobody explains it. So say the Federal Reserve took interest rates to 16% for 36 Trillion debt, it's simple to see that the entire income of the United States wouldn't keep up with the interest payments. Why 16%? Well that's what would kill inflation.
Ok yah so they kick the can down the road.. and?
Well enjoy your inflation for a long long long time where middle class will just become working poor or are now. It's amazing nobody say's cut the fucking government, cut the spending but the real fact is half of these people already work for the government. This is why the deficit will never be paid off, and will never recognize that we are pretty much in the communist death spiral in terms of industry.
What can we do? Well if you are able to stay above water, try to put any excess fiat into physical assets first. Digital assets might be cool, but that's automatic waiting period. Old message, nothing new to talk about. The debt must expand, and it will expand no matter what we do.