The end is near for the USA debt experiment. Interest on debt as a % of gdp is 10~, with gov spending exponential. There is a limit on this number that creditors (China) will accept. They’ve already stopped buying 30yr treasuries. Increasing $spy puts position every month.
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Replying to @JordanTSack @yungdeleuze
Thanks for that data I had no idea about. I wonder what will be the reaction once the hegemony is clearly lost.
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Replying to @gxdarz @yungdeleuze
Think it is important to understand the govt is an arm of the corporation at this stage in the global capitalism game. The govt is the means by which US corps justify a transfer of wealth from citizens/treasuries to corporate balance sheets.
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