Northern: Our national debt means the federal government must keep treasuries below 4% or so coupon rate or the debt service will exceed what we are able to pay as a country. We can't do what Volker and Carter did in the 70s.On the other side, our elected officials are fine with nationalizing key institutions to prevent inflation like the bank swap loan markets. They may soon have to go further than that.Given that our Congress is run by the wealthy, expect them to protect their wealth whatever that ends up as, and it depends on whether Q-anon is in power or not. Then expect a crypto gold standard or states leaving the union.
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