Roundtable This Week: Dancing With Default

by | May 17, 2023

There are two ways to resolve America’s debt problem.

One way would be to rein in spending.

But that would cause pain in the short term and pointing the blame at Congress would be easy.

The other way is to continue spending until the currency collapses in a hyperinflationary inferno. That makes any debt issued prior to the collapse worthless which is great for highly indebted voters as well as for the government.

The political ramifications of “Option 2” are much lower, so it’s a safe bet that “more spending” will always win the day.

We covered this topic in today’s “Roundtable” with guests Celeste Lindman, Garrett Baldwin, and Roger Scott.

For those of you that didn’t catch the show live, you can check it out on our YouTube channel.

And to make sure you don’t miss next week’s, please be sure to mark your calendars for next Wednesday, May 24 at 11am ET.

I’ll see you next week.

Take What the Markets Give You

WRITTEN BY<br>Ileana Wolfort

Ileana Wolfort

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