Well said.
For each dollar printed, that must be paid back PLUS interest.
It is why defaults, ie someone has to lose, is guaranteed. It is built into the system. All the money borrowed cannot be paid back since 100% of the money is owed plus said interest.
There is no way to pay 1.03% of the total money outstanding back.
There simply is not enough money.
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What makes it even worse is that it gets compounded and leveraged multiple times while being packaged and repackaged and finally involving everyone and their dog in an epic mess created by a few of the largest entities.
And this shit happens regularly!
This is one those things that must have attracted people to communism or fascism. There are no debt cycles in a command economy.
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