>>60570548
>Yes, and that won't change in your lifetime
Wrong.
The reason you are wrong is the exponential nature of interest. Exponential functions have what is known as a "doubling period" and our economy relies solely on the expansion of credit. We have to deficit spend 100% of our tax revenues just to tread water. If we attempted to pay back a dollar, the government would have to stop spending $2TN which would be an implosion the size of the great depression on its face.
>So what, you say! We will just maintain the balance and continue to grow along with the money supply!
Exponential functions have what is known as doubling periods. (You can see this if you look at the national debt from Clinton to W to Obama to Trump to Biden etc. It keeps growing at faster intervals)
Hypothetical: If you need to full up a pool with water and you add a magical droplet that has the ability to DOUBLE every minute. It would look incredibly slow and kind of boring as it starts to fill up. However, like 90% of the pool will fill up in the last 5 minutes. The last doubling period will go from the pool being half full to overflowing. It will go from a manageable problem to "oh fuck we can't stop it".
Exponential functions in the real world are prevented by tangible things such as lack of space, lack of resources, wars, famine etc. When it comes to the dollar, there will be more credit flowing around with owed interest that is will dwarf the market caps of global production. Silver is the perfect example, the market cap of new silver each year is ONLY $24BN. We print up trillions for free out of thin air.
Those dollars chasing after real-world and it is over almost instantaneously.