Same old song.

More debt today, payments never.
Much like more taxes today, budget cuts never.


I like how China doesn't really have PPT. If we were still trending around 2009 levels people would be ****ting bricks so hard.

Sure a central bank can go broke. Fundamentally, they're like any other bank. Problem is, every ******n CB is "in on it," so if one goes, they all go.

That is "what's different this time," IMO. Heisenberg principle comes to mind. I don't think we've ever had this scale of monetary collusion in the world throughout history. Every authoritarian figure is now suddenly united with enemies and allies alike, all for the purpose of money. That is the way they enslave us, after all. This is how -individually- they've been able to stave off the math. Not even sure a war or two would help their liberal/commie cause at this point.

Just trying to think of the big picture here...

I think that the only way a central bank can go broke is if enough of us stop valuing the ``money'' they print. Until then, ``broke'' simply isn't possible for a central bank - they can always print some more. Zimbabwe's central bank went broke, because no one would take their junk any more. Until a central bank reaches that stage, it isn't broke.

Money is valuable to us because it's scarce, and because we expect that we can trade that scarce stuff for other scarce stuff we need. For the central bank that prints the stuff at roughly zero marginal cost, money isn't scarce. The only cost to printing, for the central bank, is that we will value their ``money'' less as they print more. As long as we aren't heating our houses with trillion dollar bills, the central bank is going to be happy to pay that cost.

The central banks are happy to have inflation, as long as we don't abandon the use of their product. They will jealously guard their money printing monopoly, and only us losing all confidence in their ``money'' can shake that monopoly.