The Unsustainability of the US Dollar

In this podcast episode, the speakers discuss the unsustainability of the US fiscal path and the problems with the US banking system. They point out that the Federal Reserve Chair, Jerome Powell, admitted on national TV that the United States has too much debt and is on an unsustainable fiscal path. The speakers suggest that this issue has been ongoing for some time and could result in the United States entering a new era of persistent inflation. They also discuss the potential consequences of this, including the risk of the banking system collapsing and the need for bailouts, which would lead to even higher inflation. Overall, they express concerns about the future of the US economy and the impact on the value of the US dollar.