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Originally Posted by tabs
the fact that the leadership touts MMT shows you the lunacy of it all. They think that they can defy gravity. Nobody says no to it, no body stands in the way. Maybe they have come to realize that their is no other alternative except collapse..so they keep on keeping on? Kick the can on down the road..until they can't.
Back in 09 or 10 I said that we were in the EYE or quiet of a hurricane and that we were going to revisit the other half of the storm down the road. We have solved nothing, the leadership has not even been able to identify and or clarify the causation.
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https://lawliberty.org/skewering-the-pretense-of-knowledge-in-the-financial-realm/
Like 08, immediate collapse is avoided (the can is kicked) but as you say, nothing is fixed, and in fact the “fix” just sets the conditions for the next, bigger crisis.
08 was a drop in the bucket - child’s play - compared to what the govt did the last year (and has continued and continues to do even with an effective vaccine in place) in response to a virus with a 99.x% survival rate.