On: Bad property debt exceeds reserves at largest US banks

[ahnick]

The real answer is that the ongoing 50 year old, fiat money system experiment is a bad idea.

[JumpCrisscross → ahnick]

> the ongoing 50 year old, fiat money system experiment is a bad idea

We're still talking about the largest era of wealth generated across any territory or time in human history, the American post-War ascendancy, right?

[6figurelenins → JumpCrisscross]

Not really. "Post-war" means 1945. "Fiat money" means 1971. "Largest era" means 1981.

Grandparent said "collapse," which is what Jenga towers do.

Here's the era, in two charts:

[1] https://tradingeconomics.com/united-states/government-bond-y... [2] https://www.cbpp.org/income-concentration-at-the-top-has-ris...

[JumpCrisscross → 6figurelenins]

> Here's the era, in two charts

Out of curiosity, what are you seeing? Rates going down is bad?

Here's the last millenia [1]. You'll notice a long-term trend of decreasing rates.

[1] https://www.businessinsider.com/chart-5000-years-of-interest...