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worn down
Zeihan on Geopolitics
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Comments by "worn down" (@worndown8280) on "The Un-Recession" video.
You dont. You do what the Japanese have been doing for the last few decades. Basically slowly starving to death. Excess debt will be death to companies.
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until the gravy train ends
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This is easily resolved. You increase interest rates. Then it is no longer an economic problem but a political one. That would require the Federal government to reduce spending and address its out of control budgets and unsustainable welfare programs. The side effect will be what should be, most Americans living a much lower standard of living. We can do that the easy way, by increasing interest rates or we can do that the hard way with stagflation. I am pretty sure Congress just chose the hard way with their most recent money spending activity.
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Why would you need to automate when demand will be dropping? The idea is so foreign to most that you cant even conceive of it can you?
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The pie has gotten bigger, its a mud pie worth nothing, but its still a pie.
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@GaryBickford And it was all done on debt. Thats future spending that cant be done. It was never sustainable. The next few decades will show this.
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