Adam Taggart, Wealthion
OCT 1, 2021
The US currently spends 111% of its tax receipts on the true cost of servicing its debt.
And the Fed is now chained to printing up the difference -- forever.
This is a no-win situation.
Which is why highly-respected macro analyst Luke Gromen states that the US and other major world economies either better "get busy inflating or get busy defaulting".
This is why he's confident that our central planners will print, and print and print from here -- as the carnage of defaults that would otherwise ripple through today's hyper-indebted economy is too horrific for officials to stomach.
But while that's the endgame he predicts, the path we'll take to get there is much less certain.
And he's worried there are a number of building pressures that could trigger a painful correction in the near-term.
This is one of the most important animated, deeply sobering & somehow yet fun interviews we've had so far.
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