Post
Topic
Board Economics
Re: US could run out of cash as soon as Dec. 15, Janet Yellen warns
by
PrivacyG
on 18/11/2021, 09:21:08 UTC
The government prints a lot already. Although it may be considered a solution, it's also going to make inflation rise as it is happening already in US.
This should send everyone a very powerful message: there is no going back and the more they print, the deeper the scar will be.  Raising the debt ceiling is of no good.  It is going to only make things worse.  Once the recession triggers, we are going to wish there was no debt ceiling raise.

We are right at the start of a very deep crisis.  Look up the inflation rate of almost any country and you will see how bad this is becoming.  Not only in US, not only in Europe but worldwide.  There is no time to make any mistakes and I am really concerned about a choice as such.  As much as we do not want to see a crisis and to acknowledge there is going to be one, pushing it back again and again will only backfire on us stronger than ever.

-
Regards,
PrivacyG