🚀 go-pugleaf

The insane solution Greenspan chose was "If
you can't pay your debt, borrow more."
That's insane but the way our system works,
inevitable.

Why? Because politicians faced with a mob of
"the world owes me a living" millions cannot
raise taxes, nor can they shrink the
government payroll and benefits.

The result, the choose the sneaky way out
which is to simply print more money. By
virtue of the fact that this is an indirect
sleight of hand the average person doesn't
make the connection. The connection is, must
be, more dollars chasing the same resources.
This can only lead to each resource owning
more dollars, ergo higher prices, inflation.
It's a simple mathematical ratio.

The Chinese are going to be left holding the
biggest bag in history if they continue to
accumlate dollars. Amateur capitalists have
no business holding a trillion dollars.