Barry Goldwater predicted this in the 1960’s, not suspecting the stratospheric levels to which the debt could exponentially increase once the US was completely off the gold standard in 1972.
The stock market has tracked the debt for some time, the debt ceiling debate culminating in June should be interesting.
With companies digging in for a bifurcated recession, inflation is set to continue trending up. What’s the saying, what goes up must come down?
The real issue is government spending, which Simpson – Bowles was supposed to address, and which the feds have managed to avoid at any cost.
Trump was going to bring the hammer down on federal employment in his second term, possibly, which is what is needed.
Repeal the Federal Reserve Act of 1913 et al, the 16th amendment, repudiate the monetized portion of the national debt, and then we can begin to address the over $200T of unfunded federal obligations.
Amen. Come, Lord Jesus! (Revelation 22:20b)
https://www.theburningplatform.com/2023/02/07/welcome-to-the-death-spiral/
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