In order for the debt and money printing to go too far, which it is/will, we have to get to where too few people worry about it.John wrote: ↑Tue Dec 29, 2020 11:30 am** 29-Dec-2020 World View: Exponential decay function
Trevor wrote: ↑Mon Dec 28, 2020 11:12 pm> I can't help but notice that as the debt crisis gets worse and
> worse, we talk about it less. I still remember all the alarmist
> articles under Bush screaming the national debt has reached seven
> trillion dollars. Now we're at 27 trillion and we've become almost
> completely silent on it. Neither the Republicans or Democrats
> speak of it, except to say we need to spent more. Covid
> accelerated this trend, but it was visible long before.The number of people concerned about debt is highest right after aHiggenbotham wrote: ↑Tue Dec 29, 2020 11:13 am> You're probably too young to remember, but when Reagan ran the
> debt up to $1 trillion, the Hero generation was very concerned
> about this and it was discussed a lot. I think there was even
> more concern at that time than under Bush.
> I remember when Bush fired Paul O'Neill because he was talking
> about the unfunded liabilities. At that time, Cheney said the debt
> doesn't matter. But there was still plenty of pushback against
> that.
generational financial crisis (1637, 1720, 1789, 1857, 1929).
After that, the number of people concerned about debt continues to
decrease. Perhaps there's a way of defining an exponential decay
function that expresses this:
T = time since last generational financial crisis
C(T) = number of people concerned about debt at time T
C0 = number of people concerned about debt at time T=0
K = positive number indicating rate of decay
So the exponential decay function is:
C(T) = C0 * T**-K
A similar function could be used to describe the number of people
worried about a new generational crisis war. It seems that everyone
believes it can't happen, until it does.
As they destroy the currency they will first blame private industry for price increases. Eventually when it is completely destroyed, and they give up on it and want to make a new currency, they will set up strict rules for money printing. These rules will be followed for a time.
If you look back 5 or 10 years from now you will see Gold and Bitcoin could have protected you from the money printers.
-- Vince
