What happens when the most deflationary technology in human history collides with the world's most indebted country?

We will find out soon, and I think most people will be blindsided.

Consider this.

The US federal government has the biggest debt in the history of the world. And it's continuing to grow at a rapid, unstoppable pace because Washington cannot stop spending.

Among the biggest expenditures for the US government are so-called entitlements like Social Security and Medicare.

It's unlikely any politician will cut entitlements. On the contrary, I expect them to continue growing.