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In The Media

What We Can and Cannot Print

by Larry Chiang on January 30, 2025

 
 
Luke Gromen
⁦‪@LukeGromen‬⁩
⁦‪@RickFedorowich‬⁩ Agree debt is denominated in USDs we can print; SSA is inflation-adjusted & Medicare/-aid is owed in hard currency we cannot print (Rx, hips, knees) & is therefore akin to Weimar gold war reparations

If stocks fall, receipts fall👇; at 125% debt/GDP, 7% deficit = US debt spiral pic.x.com/VccaNM7Fqj

 
12/16/24, 8:12 AM
 
 

“Over 60% increase in Medicaid over the past 4 yrs is the biggest budget line now, & it is increasing faster than any other.”
60% in 4 yrs = 12.5% CAGR, owed in a “hard currency” we cannot print (hips, knees, Rx).  This is functionally similar to Weimar post-WW1 gold reparations
image1.png

https://www.YouTube.com/watch?v=ejeIz4EhoJ0

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