From mine of 3 December 2011:
Graph #1: The Interest Rate (black) and Debt-per-Dollar |
1921: After a long increase, the interest rate peaks and begins a long decline.
A decade or so later, Depression. The Debt-per-Dollar ratio peaks and begins a long decline.
A dozen years or so later, interest rates and the DPD both reach a bottom and begin another long increase.
1982: The interest rate peaks again, and begins another long decline.
26 years later, the debt-per-dollar ratio peaks again. Again Depression, and another long decline.
Untended, this pattern will repeat until it destroys the political entity responsible for the US Dollar.
Have you updated this graph with latest data until 2014? Would be interesting to see the trend now.
ReplyDeleteThanks!