The FMI, the World Bank, the ECB, the BOJ, the FED, the US Congress, and now the US Treasury are all chaired by Babyboomers who overpassed the normal age of retirement.
Your scribe is 52 and honestly, he is tired to have passed all his life cleaning up all mistakes of this generation that destroy our societies, the planet, and now the economy. Your scribe is from a generation obliged to explain to their kids why these old women and men are the main cause of their environmental, economical, and social nightmares.
And of course, our kids estimate that the responsibility is upon the shoulder of my generation…
If you want to save time, read this article cause the FT to obtained her prepared remarks… To sum up : Debt is not important… The first $3tn wasted by the FED that fueled the financial markets are forgotten. Now Biden is arriving with a $1.9tn$ plan and Yellen will explain to us why debt is not important when houses and cars are seized by banks due to their indebtedness…
Or economists will explain to us that countries could erase a portion of their debt (again a good occasion to spark a war) or I will have to explain one day to my kids that they will have to work till the end of his life to pay my pension.
Of course, they will be upset against me unable to hear and to understand that the previous generation, the babyboomers, like swarms of desert locusts consuming corps, were the cause of their status.
