Are you saying that since 1985, we started borrowing from the future to fund our consumption? What happened in 1985 to increase consumption percentage? How long do you think we can keep spending our future? Will our reserve currency status mitigate any negative effects? What happened to the other reserve currencies, such as the British pound – how did they fall? I think fiat currencies typically last 200 years, so the US dollar has little life left. What will be the next reserve currency?
