2009 will be a boomer, page-47

Hi Plough.

An ever increasing, exponential debt that never gets paid, funded by outside money (us gov bonds) and borrowing; resulting in over consumption and zero net savings , where the solution is to destroyed said debts value by printing money.

Yes indeed you are correct, I was being to generous in describing it as a simple Ponzi scheme. It’s actually so much worse than that.