[cuban leaf]

It’s a hyperbolic curve. Give it time (and not much). Just as billion became the new million, and trillion became the new billion, quadrillion will become the new trillion. And I’m talking a few years, not decades.

We are living in interesting times. Get some chickens...yer gonna need ‘em.

[Leaning Right]

Fire up the printing presses. Then poof! Goodbye debt.

(That’s the way we’re heading. Hyperinflation. Probably inevitable.)

[Ciexyz]

I remember the ‘scare books’ in the 1980’s that said we were going to collapse from too much debt, but it hasn’t happened yet. Just sayin’.

[USS Alaska]

Pretty soon, we (the 99%) will be back on the chain gang paying for endless wars and government corruption. I wish Biden, Schumer, McConnell and other swamp creatures would consider all the spending the government is on the hook for rather than focus on spending that will help them get elected perpetually. There is no middle of the road anymore. The US is broke and has too much debt.

This is not the first time in history that a country has piled up unsustainable debt and the results are always the same...hyper-inflation followed by collapse.

When the rest of the world refuses your paper or digital "money" because it has no value, game over and it's back to survival of the fittest individuals.

Imagine no power, water or utilities and how long the average person in the US could survive...days or weeks in the city, maybe a little longer for the prepared in the country, but if you are prepared, will you kill you neighbor to protect your sustenance?

The law of the jungle will be in effect and there won't be any cell phones to give answers or directions, if you don't know North from North-East, it will be too late to learn.

I could last about a month, after that, I'd have to take a lesson from those cannibals that ate joe's uncle and I'm not sure that it would be worth the trouble.

[econjack]

When Biden took office three years ago, the debt was $26.4 trillion. It just ticked by $38 trillion. That's a 45% increase in the deficit in just three years. The politicians solution: raise taxes. If you look carefully at tax proposals, the do NOT say anything about using those new funds to pay off the debt. In other words, they was us taxpayers to give them more money to dole out to themselves and their friends.

Here's a novel idea: No new taxes, but every agency has 10% fewer funds with the same or improved service. Do we really need 16,000+ people working at the EPA? Every noticed how you don't see gov't productivity statistics? Cut every budget, except National Defense (i.e., military) and Social Security and for the gov't to be more efficient and replace the agency heads if they can't become more efficient.

The gov't doesn't need more more to cut the debt if they reduce spending.

[Drago]

Also scarcely reported, we are off the “PetroDollar” as of Sunday June 9th (after 50 years). World Reserve Currency position weaker & weaker.

https://www.bizcommunity.com/article/saudi-arabias-petro-dollar-exit-a-global-finance-paradigm-shift-670911a

But still cozying up to the Saudis:

https://www.usnews.com/news/world/articles/2024-06-09/us-saudi-arabia-close-to-finalizing-draft-security-treaty-wsj-reports

[SaxxonWoods]

Well, this new.
Wait, it isn’t new, it’s just the same old thing with more exclamation points and capital letters.

[delta7]

The US Supreme Courts recent decisions to allow States to start their own gold and silver backed currencies ( per our US Constitution) has not been mentioned by our corrupted MSM…..coupled with our DTCC recent ruling that gives all crypto a 100 percent haircut, 20 percent haircut on all US government bonds, 40 percent on all equities is ominous.

Simply stated, we are preparing for a default on our debt…..they are stuck in a corner, and running low on “ tools”. 2027 is the most probable date we go into default…..why else has the world’s Central Banks been purchasing record high, HISTORIC amounts of Gold? …..the sad part- since BIS and Basel agreements have now made Gold and cash a “ Tier One” holding, the US is the ONLY nation NOT buying gold…..

…..they are instead printing more paper and have little hope in finding buyers for the $7, 000,000,000,000 (Trillion) in bond debt that matures this year.Note: China just dumped $ 560,000 billion, Japan and even Belgium have been selling off.

Prepare accordingly, many will suffer, a few in the know will prosper.

[MichiganCheese]

Good bye USD

[FrozenAssets]

Debt is a self inflicted wound.