Back in high school more than 40 years back, I was already warning folks this borrow Spend credit card lifestyle, one of two things would happen.
Both of which would wipe out the middle classed devastate the country.
Deep in debt, USA which is a Corporation anyway, not a country or a nation, will just declare bankruptcy.
Shaft every as a corporation can just go poof, dispelIng the corporations debt, then the owners just start them a new corporation to do the same thing to the people for generations all over again.
Crank the printing presses up at the Not fed, No reserves and Not a bank,. hyper-inflate the money, thus on paper paying off their debts, while in buying value, paying off fractions of a cent to the dollar, if that.
Course they all thought I was crazy as the sold out treasonous pedophilic political whores from Sodom & Gomorra on the Potomac told them the road went on forever and the party never ends!
Today, they are seeing what I warned of more than forty years back.
Course, they still think I am crazy cause they forgot I told them that back then. One does not remember what a “crazy” person tells them after all!
The Ole Dog!