Global Debt Reaches 326% of GDP

Armstrong Economics ^ | 30 Jan 25 | Martin Armstrong

[Drago]

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because the spending won’t stop, and the debt cannot be paid, nor traded.
It’s a matter of simple mathematics.
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Yeah, the math is looking vary bad...annual FedGov deficit: $1.83 Trillion...total FedGov "discretionary spending" (including defense) $1.6 Trillion....cut defense/VA, transportation/interstate hwys., etc. to ZERO and you are still $230 Billion in the red. (With no reduction in the national debt that consumes >$1 Trillion in interest per year....more than the DoD budget). A "bridge too far" for DOGE I am afraid.

[dfwgator]

The Great Reset is coming.

[TexasGator]

“The Great Reset is coming.”

Armstrong predicted it would come in 2015.

[Bikkuri]

[Bikkuri]

[Allegra]

TxGator, Moneyback, I have pushed the ignore button…..carry on.

I picture kind of a Superman/Clark Kent thing, except this is Dorkman and Get Bent and instead of a phone booth, the switch occurrs in a Porta-John.

[Bikkuri]

"I picture kind of a Superman/Clark Kent thing, except this is Dorkman and Get Bent and instead of a phone booth, the switch occurrs in a Porta-John."

[Maelstrom]

Sure, but I’m betting against a return on a 30-yr bond.

Fiat money is right on the cusp of communist-styled hyperinflation.

Maybe Trump can do something amazing...but I expect him to be killed by the left before that happens.

[Toddsterpatriot]

Sure, but I'm betting against a return on a 30-yr bond.

Right, it can be traded, so what was your point?

[Maelstrom]

The point is selling it isn’t going to remove it in any way shape or form.

It’s going to remain a liability for the government.

[Toddsterpatriot]

I agree, buying a T-bill isn't going to remove the debt. It's still a liability for the government. The government still has to pay it back.

Who claimed otherwise? Anywhere?

[Maelstrom]

THAT was my point.

[Maelstrom]

OH...by “trading it away”...I meant cancelling the debt by weighing it against the debt owed by a different country that owns US debt.

That won’t work.

[Toddsterpatriot]

Who said Americans are holding trillions in foreign government debt? Who said we should or that we need to trade it for US government debt? If we did, why wouldn't it work?

Are you arguing against something that no one argued for?