What moron thinks this can possibly end well?

I've got more than one good friend who "hopes" that government will find some way out of the debt spiral collapse that I have assured them is coming.  The thinking is that, after all, we've gotten away with it this long.  Besides, they are my age and will be dead in 20 years, like me.  So who gives a fuck how much we spend now??  Let someone else deal with it after we are gone.

That kind of thinking just pisses me off.  These are good friends of mine and I won't let political differences ever change that but M*F* it angers me that they can happily ask for more goodies today paid for by debt even knowing in their heart that we are stealing someone else's future consumption.  Its fucking amoral.  I could almost understand it if these people were poor.  After all, when someone has nothing of their own its hard to be charitable for future generations.  But these people are 3%ers.  They live in homes that are pushing toward $1mn in valuation.  They have big RSUs from their corporate employers and plenty of money to burn.  They don't want for much.  Yet here they are happily going along with a corrupt Keynesian system that, by design, steals from later generations in order to consume more today.

We should be using this bubble to pay down our debts.  Instead, the debt spiral is beginning to eat us alive.   And this is when interest rates are near historic lows even after several fed tightenings.  Peter Shiff has an article out about this recently which you can read here.  Of course these things are not a problem until they are a problem.  By then of course the sheeple wake up just in time to see the man go over Niagara falls in a barrel. 

Don't EVER say nobody saw this coming.  Don't ever try to act shocked or surprised by it, like you didn't know or understand.  Yes, WE DO see it coming and we know it's inevitable at this point.  Only a moron cannot realize that some day we actually have to pay down the national debt OR default on it OR massively inflate our currency in order to soft default on it.   Hope is not a strategy.  You can preserve your retirement wealth by cost averaging into gold and silver bullion coins.  Or you can go down with the rest of the herd...