[topspin]

It's fair. It's not politically feasible, however. Yes, that means we're doomed to catastrophic financial hell.

We're already at the cliff's edge, watching interest rates climb while trillions of US short term debt turns over. It would only take a couple more points of interest to make all of the US Treasury spreadsheets go from the bright red they're already at to flashing red with klaxons.

And they'll do what they all, always do: monetize. Blow out the currency. That's our fate, and it's inexorable at this point. The only question is when.

[roflyear]

"It would only take a couple more points of interest to make all of the US Treasury spreadsheets go from the bright red they're already at to flashing red with klaxons."

This is hyperbole: if you increase rates by even 2x debt will still be serviceable.