Here is the option though… we ignore the titans above us, the ones that desperately need us. See some of them fall; and hopefully they shrink small enough were we aren’t craning our necks so much.
Or, we continue to pretend that everything is fine and keep praying and sacrificing (printing money) and pretend that will just keep working.
ZIRP was a mistake. Better to rip the bandaid off now.
But… for what it’s worth, I think it will lead to war. Actual war, not this proxy stuff. We’re too far in and owe China too much. There needs to be some debt reset because “paying it off” isn’t a thing.
