A Stronger Recovery Through Better Accounting
He wants to get better capital accounts and estimate future defaults.
Our future partial default will be around 8 trillion. Our capital is the middle class and it can be estimated by the amount of siegniorage taxes the Fed hits them with.
The results of the accounting is clear, we are in for a partial default of at least a third of the debt. Likely to begin sometime during the transition.
Then that leaves another accounting issue, writing the New Fed contract. How about some idea on that?
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