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2026-09-14 14:29:08 UTC
in reply to

Karl Auerbach on Nostr: For "insolvent" I am using the definition that usually is used for people and ...

For "insolvent" I am using the definition that usually is used for people and corporations: current liabilities > (liquid assets + current revenue)

Yes, countries operate under different economics, including the ability to expand money supplies and to change (voluntarily or involuntarily) the value of their money.

But no matter the difference, income less that outflow of money generally leads, over time, to bad news.

And if anything, trump is a master of outflow and a moron on inflow.

I think it is reasonable to begin to wonder, is the USA under Trump retracing the path of the Wiemar Republic of Germany in the 1920s, both economically and politically?