Note: (left) Here are the top 50 Bubbles over the past years.
Japan has proved without confusion that 0% is a permanent stuck position. The United States will repeat the path, but with a vast mudslide. Japan has had the advantage of a strong industrial base, a sizeable trade surplus, and no war budget. Thus it has been capable of funding much of its own deficits. It does possess a big debt burden. But the US has $1 of new debt for every $1 in government revenue. The US war budget is almost as large as its total revenue. The US depends upon foreign creditors, many of whom have been thoroughly alienated. Apart from the structural and foreign angles, the US is stuck with a 0% policy. The USFed has no Exit Strategy at their avail, precisely what the Jackass has stated for over a year. It cannot manage any change, as sharp knives, machetes, and guillotines await on the other side of the monetary doorway. The present 0% road to ruin is fixed, as the USFed cannot change course from it. This is simple to see, with eyes open and mind turning. That excludes the majority of US economists, whose eyes are transfixed on mindless measures like inflation expectations and whose mental gears stopped turning years ago. They are locked in the Keynesian aberrations within the paper money dungeon. They do not comprehend sound money. They do not comprehend legitimate income. They do not comprehend the importance of industry. They do not comprehend the lethal nature of debt burdens. They are fully committed to ruin. They do show signs recently of awakening to their helpless helm devoid of tools, even awakening to the systemic failure they have wrought.