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Originally Posted by FatherSioux
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Yes! Patriam and Castle are saying some useful things as well. I feel like we are finally getting a few decent posts here in this thread now!
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Originally Posted by Patriam1066
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We’re in the late republic phase (Rome’s institutions failing post 133 BC). That doesn’t mean conspiratorial thinking will help.
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Just to be clear, I think there is absolutely nothing wrong with the world as it is right now. It is serving its intended purpose perfectly.
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Originally Posted by Patriam1066
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gradually increasing interest rates back to 3-5% would undo most of the economic problems we face.
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Your points regarding the financial bubble are well taken. But the US national debt is
currently $27 trillion. 4% interest would require about $1 trillion in interest per year. Historically it has been impossible for countries to pay off over 100% debt/GDP in real terms. So we have to choose between a deflationary collapse (massive defaults) or inflationary collapse (Venezuela/Weimar Germany style wheelbarrows of printed cash).
Quote:
Originally Posted by Patriam1066
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elections with rank choice voting, etc. Basically, allowing more opinions into the system than just republicans and democrats, who are both bought and paid for
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Yes, I agree 100%, but how do you plan to accomplish this within a political system that is obviously designed NOT to work? The fact of the matter is that a substantial fraction of Americans prefer the status quo. You have the welfare leeches on the bottom, the people who like the moral superiority of lecturing their betters, and of course the psychopaths at the top who have no intention of letting go of their power.
Like I told Castle, the devil is in the details.