The public debt of Mordor goes up $1 trillion every 100 days. For the capitalists this is no problem. They simply write IOUs and then never pay them. But the middle and working classes do not have this option.
The result is a lowering of their standard of living. Why? Because the banks that sell us houses, the schools to which we send our children, or medical businesses where we buy our prescriptions do not accept IOUs. The result is a steep decline in the standard of living,
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