Thinking about The American Dream.
You wouldn’t look at me and think Money. I can’t afford the trappings that would take me up a level.
Did that make sense… you have to act like you belong to the club before they’ll let you in?
The American Dream requires that you spend spend spend the future and hope that future earnings pay the debt. To even get in the game requires access to credit, doesn’t it?
Megadeth did a song about this called “Foreclosure of a Dream.”
Did anyone notice that they just brought back the 30-year T-bill? That’s right, your grandchildren will still be paying this administration’s debt 30 years from now.
It’s also enlightening to look into who exactly owns the U.S. Public Debt. What would happen if our foreign investors demanded repayment? What would we give them?