Ferguson’s Law: The Financial Time Bomb at the Heart of Cold War 2.0
Ferguson's Law: "Any great power that spends more on debt service than on defense does not stay great for very long." –@nfergus The US is starting Cold War 2.0 from a position the USSR finished Cold War 1.0 in (debt service > defense); US will NOT lose for lack of USD liquidity. pic.twitter.com/EEWVjP9RBG — Luke …