We’re Eating Our Seed Corn <~ Charles Hugh Smith

What will break is not as predictable as the reality that the current trajectory is untenable and unsustainable.

CHARLES HUGH SMITH OCT 31, 2023 READ

The vast horde of cheerleaders of debt always claim “we’ll grow our way out of debt”: by investing the borrowed money in wonderfully productive things, the economy (and household income, corporate profits, etc.) will grow so smartly that the debt service will remain a paltry and inconsequential percentage of spending.

About michael burgwin

A child of the peace and antiWar movements, a Truther with self-diagnosed Opposition Defiance Disorder, formerly politically liberal tho now politically marooned, and Post-Doomer, on any issue, I trend to the conspiracy side, sort through the absurd, fantastical and insane, until I find firm ground usually located just the other side of the censorship firewall of propaganda and orthodoxy, dogma, and other either / or thinking.

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