Have American legislators and the Federal Reserve
been abusing the dollar’s status as a reserve currency,
to avoid overtly raising domestic taxation
by covertly taxing US dollar denominated assets like oil,
by over-printing money?

.

Ponzi finance units must increase its outstanding debt
in order to meet its financial obligations.

A transition occurs over the course of an expansion,
as increasingly risky positions are validated by the booming economy,
that renders the built in margins of error superfluous,
encouraging adoption of riskier positions.

Eventually, either financing costs rise,
or income comes in below expectations,
leading to defaults on payment commitments.

Hyman Minsky

Why would a developed economy
want debt to grow faster than income for generations?

If big print gives, can small print take?

Do most tend to act in self interest
before moral obligation?

Are fear and greed stronger than resolve?

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All who surrender will be spared,
whoever does not surrender but opposes with struggle and dissension,
shall be annihilated.

Genghis Khan