What on earth does my supposed skin colour have to do with anything?
If you were a little more open-minded about learning macroeconomics you would understand the natural rate of interest is actually zero and a positive interest rate is massive corporate welfare for the finance sector. With that zero rate you will realise many other things like government “debt” never actually had to be paid much like nearly all of history of the USA, UK, Australia (not the EU) etc who have their own currencies.
The natural rate of interest is zero: http://bilbo.economicoutlook.net/blog/?p=4656
An MMT vs Austrian economics debate which outlines exactly why the natural rate of interest is now zero under fiat and why the economy is limited by real things not a lack of money: https://youtu.be/cUTLCDBONok its 1.5 hrs but I highly recommend it as it will totally change your view on the world and also the fact the USA need never default on debts in its own currency. That’s the key point I’m hoping you might be open to at least acknowledging.
By the way if you want to have a blog that says the USA will collapse then you should st least be open to polite critiques. I read and like your posts for a reason after all, you don’t need to come off so defensive and call me a “white dude” like it’s something I should be guilty about? Why should I be guilty about who my parents are? That’s a weird proposition.
