Post #1178661

It's debt stacked on debt. The money isn't real, just the consequences of decades of credit expansion. Now we either deal with a cascading wave of defaults (a la '29, '73, '86, '08, and '23) or we rush in with state credit to bail out all the private lenders. But there's very little real money in real pockets. At the end of the day, it's borrowing power that makes you a billionaire.