Debt Jubilee and the Uncertain Future of the US Economy

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Debt jubilee is not likely to be a single event, but a gradual process.
Modeling and predicting debt jubilee is extremely challenging.
Historically, unsustainable situations eventually come to an end.
The US is currently spending a trillion dollars on interest on its debt.
The country may need to reduce its spending or default on obligations.
Domestic and foreign debt holders may be treated differently for political reasons.
There is a connection between energy, finance, and the concept of debt jubilee.

On this episode, Nate is joined by Doomberg - the anonymous energy/finance analyst team (visually presenting as a talking chicken icon) who uses an energy lens to analyze global trends in the economy, with so far some remarkable accuracy. In this wide ranging discussion, Doomberg and Nate cover the interactions between geopolitics, debt, climate policy, and - of course - energy. How have the narratives created around different types of energy - from renewables to nuclear - affected current policy making around the world? Will the increasingly precarious state of the global debt and monetary system shift the geopolitical landscape? How have increasing global tensions combined with a rise in green energy policy affected nations’ desire for energy security - and what does it mean for future policy as we enter a period of decreasing energy availability?

About Doomberg

In May of 2021, Doomberg was started by a team of professionals experienced in heavy industry, private equity, and the hard sciences to highlight the fundamentals missing from many economic and policy decisions, and it quickly grew to be one of the most widely read finance newsletters on Substack. Doomberg covers topics from energy, finance, to the economy at large, in an attempt to improve society's thinking and clarity to complex problems.

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https://youtu.be/pYkmJOhWtSU

Show Notes & More Info

https://www.thegreatsimplification.com/episode/83-doomberg