> boomers debt maxxed the us gov's credit card, and think of the federal reserve and central banks as credit card companies that allow the gov to debt max. > now our task is to pay it back, but spending isn't decelerating. basically this. > this is what is described as a sovereign debt crisis or bankrupt, but so long as the credit card company keeps issuing us more credit we can't technically go bankrupt, this means we keep taking our more and more credit to and this is inflation. you keep taking out more and more credit with the expectation of paying it back but you don't.  > so this new credit issued money keeps piling up until currency crisis -> hyperinflation.
United States