The fall..
The perfect representation of the inflationary economy and a spot on metaphor:
President Biden falling off his bike is the perfect representation of the larger declines in our society.
I swear I have unnecessarily watched it too many times just to belly LMAO.
But, what is not funny is the symbolism of a collapsing empire, a lot like ancient Rome, where a lot of people began to increasingly questioning its legitimacy and sustainability.
Where poverty, homelessness, crime and alcohol consumption rates are skyrocketing. And justice is only for those with the right political opinions and cliques.
This economic fall is exacerbated with every nonsensical policy that is implemented that does not address the root cause but rather to kick the can further down the road.
In the last 200+ years, 98% of all countries with a debt to GDP ratio greater than 130% have defaulted via inflation, currency devaluation, restructuring or pure default.
Lets be clear on one thing, because I know my Nigerian fam might be happy we are not featured in the visual representation above BUT as for the Nigerian case….
MAYDAY!! we have a revenue generating problem!
The Gross Domestic Product (GDP) is an asset.
Debts are repaid with revenues not assets.
Assets generate revenues.
If you need to sell an asset to pay debt then you are bankrupt.
Nigeria at the moment uses almost 90% of revenue to service the 37% debt.
And please, lets not do the #Putindidthis cos its a cop out. Does not solve or address historical precedents!
The fall is going to be momentous and we are in its wake.
We did this to ourselves.
See you tomorrow!
- Ope