> our interest is now 1 trillion per year. i know, kek. > having suckers buy your debt or have the central banks buy it themselves. debt monetization is when the central bank creates the money that the government needs. > then the government becomes a slave to whoever holds the debt. no it doesn't. as the old saying goes: if i owe the bank a hundred dollars, that's my problem. if i owe the bank a hundred million dollars, that's the bank's problem. > sell all the debt at once, crash everything, economy implodes that's not how that works. suppose china wanted to unload its debt now when it's far from maturing, it would have to pay market rate, and if the market thinks that debt isn't worth what it is, it'll go for pennies on the dollar. that's not your problem, that's china's problem. you could even buy it back yourself by issuing new debt, kek. > that is the way of the kike. arguably so. > the us does not make anything anymore because the economics kikes convinced everyone that we could make a living doing each other's laundry the us actually does produce more than you'd think, but it's true that the service economy has taken over. however, it couldn't really be any other way when there's countries like china with a billion people that will do the job for less, because they're poorer. enjoy your money-printing period while it lasts, at some point your money will be worth so little that american labor will be considered cheap, and that's when production can come back. > now it happens to germany too. we owed our production prowess in large part to low wages relative to production output, now we also have the problem that welfare/pension spending is out of proportion with the working population.
Germany