RE: 445% Debt To GDP - Is Math Broken?
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Those previous episodes that broke at 130% always had a better currency available to switch to. In today's world, all the fiat currencies are in the same position. So until people really start using crypto as at least a store of value, this game can continue.
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I sort of get that gives you a bit more breathing room when you comparing floating currencies, but surly it gets to a point where faith is lost. For example here, in nominal terms, the price bread has gone up by over 1000% so eventually people have to jump ship or they fall below the poverty line making them the governments problem printing more money pushing more below poverty
How far can we honestly shift the numbers, especially when wages aren't keeping up, if labour was paid at the rate of inflation I think it would be a little easier to manage
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That's true, but you have to look at the global game. So bread goes up 10x in your currency. Are people saying "we should use bitcoin" or "we should use dollars/euros?"
As long there are those fiat alternatives that are kind-of-ok for people, they will go for that.
When those global currencies like the dollar and the euro lose faith, then it's global reset time.
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