Did U Think The Ponzi Scheme Would Last?

China Is Looking Fragile

Let's face it, any exchange of valueable goods and services for fiat currency is a scam waiting to unfold. It's a default waiting to happen. With insufficient internal manufacturing to support exports that can pay for the debt, we will default on our debt through the magic of inflation. Our creditors will not be amused. What we have sold in exchange for knock off hand bags and watches is our national reputation, honor, and of course, credit rating. The Chinese are not blameless either. They kept extending credit to us knowing that if they stopped then we would stop consuming. If that happened their trade surpluse would collapse and they would not be able to get loans to build their cities and infrastructure. They will in turn default on whomever they borrowed money from.

At the end of the day, the real culprit is the debt culture which allows people to have today what they rightfully will not potentially earn until tomorrow. The world needs to abolish central banks and fractional reserve lending else the problem will never be solved. Fractional reserve lending is the biggest scam ever created in the history of man.