Part 2/7:
- Diminished Government Wealth: This includes both the privatization of government assets and rising government debt.
Among these, the escalation of mortgage sizes stands out as one of the most visible indicators of this unsettling transition.
The Nature of Mortgage Debt
At its core, one must grasp a fundamental concept: the total mortgage debt in society is always zero. This principle may seem perplexing at first, but it highlights the balance between debt and credit. For every debt incurred, there exists an equivalent credit, meaning that the total amount of mortgage interest paid must equal the total amount received.