>>514706977
>This was always inevitable.
It was not, this happened before, from 1940 to late 1950s usa debt to gdp rate went down from 130% to 35%, Argentina debt to gdp rate went from 135% to 40% from 2001-2013
The big problem is that to survive a cycle of that type you need
1_Low food prices even if you need to do price controls or rationing
2_Low energy prices even if you need to do price controls or rationing
3_Low tax enforcement so companies reinvest
4_Closing the export of critical goods
5_inflation rates higher than the debt interest
6_Higher wages in nominal terms but up and down in real purchasing power relative to internal goods
7_A secondary saving currency (gold, btc or usd as was for argentina 2001-2013) so internal prices are inflated relative to that currency.
The big problem with the usa is that republicans would inflate the nominal numbers but not wages, and democrats would inflate everything and wages but criminalize saving in foreign currency, crypto or gold, and never update tax rates relative to inflation so income tax would start at the level of a mc donalds combo after a few years of yield curve control.
So usa is ready economically but not politically for this.
