A Quadrillion Dollar Deflationary Debt Raft | Finance
Where doth debt take us going forward, and, for that matter, where has
it - really - taken us so far? If and when Japan implodes, does that
force the US out of the possibility of moving - or already being - into
the Japanese deflationary scenario and into something more sinister?
Will it be a quadrillion dollar long-term drip-feed, in essence
prolonging death, or a massive quadrillion dollar diversion into
breakthrough technologies? Both perhaps? Go halfsies?
Come to think of it, do we (still?!) live in capitalism or is it really just creditism?
And how come Richard Duncan has this unshakable faith in these "cutting
edge" technologies? Why is he so sure that they would make the US a
great economic power? Are there any examples out there that would prove
this, for instance, or does Duncan simply make it all up as he goes
along? Is he a believer in 21st century magical realism?
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