The US Is Spiraling Down the Doom-Loop Drain Hole Rapidly Now

Citizen Watch Report ^ | David Haggith

[davikkm]

We just passed a level of debt-service costs scarcely before even imagined.

First, we hit a level of debt years ago that seemed astonishing at the time when the national debt topped one-trillion dollars for the first time in over 200 years of being a nation. Recently, we hit the insane level where just the deficit that adds to the debt each year hit one-trillion dollars a year. We, then, soared almost immediately right past that to where we had a trillion-dollar deficit more than twice a year. And now, today, we finally hit the outer limits where just the annual interest on the debt is a trillion dollars.

If anyone thinks we are not caught in a debt doom loop, consider this: we can only pay that interest by taking out more debt just for debt service. So, we’re forced to take out a trillion in new debt each year just to cover the interest on the old debt, and that amount is growing quickly. We’re swirling around the center of the drain so rapidly now that we’re seeing a trillion dollars in additional debt fly by with each revolution and making the revolutions multiple times per year.

[TheWriterTX]

When the TCMDO of any country exceeds 360% of GDP, the country will experience unmanaged economic collapse.

It happened in Italy, Ireland, Portugal, Greece, Spain, and the United States.

It will happen again.

What we are seeing now is by design. The deep state wants to collapse the system in order to consolidate even more power.

Who do you trust to help us get through it with some semblance of America intact?

I trust Trump.

[Nateman]

Milton Friedman had the solution decades ago: a Balanced Budget Amendment. Using Article V it came pretty close. Congress countered with a fake alternative, the Graham-Rudman bill. Only once in American history was the debt at zero. That was in 1828 under the tough as nails President Jackson.

[Nateman]

What is TCMDO?

[nathanbedford]

Keep your eye on the bond window because when that window shuts with United States will then be unable to float its bonds because there are no buyers anywhere in the world willing to keep the music playing. That will be the last act in this charade. When that happens the government fails. When the government fails we lapse into a Hobbesian dystopia.

I don't know if Trump can manage such a problem but from where we stand today, he is our only chance.

[SteveH]

tcmdo =

total credit market debt owed

[Erik Latranyi]

When BRICS dumps the US dollar as the international reserve currency, we are totally doomed and I think Trump cannot save us.

[dynachrome]

I had to look it up:

https://fred.stlouisfed.org/series/TCMDO

[Sirius Lee]

Nobody can save a nation from the bad decision that was taken a hundred years ago and exacerbated by further debasements in the decades since.

[Governor Dinwiddie]

Yes. The number one reason is Congress. A lot of focus is on the President. But the RINOs in Congress are the most responsible. In the unglamorous day-in day-out of business of Congress, the RINOs aid and abet the Democrats and communists with abandon on a daily basis.

To quote the late George Wallace, "There's not a dime's worth of difference" between Rs and Ds.

[Nateman]

It happened in Italy, Ireland, Portugal, Greece, Spain, and the United States.

Portugal, Italy , Greece, Spain = P.I.G.S.

[maro]

Excessive public debt plagues modern democracies. Politicians can’t resist bidding for votes with Other People’s Money.

[caddie]

You are right, collapse of the economy via debt and hyperinflation is the best and quickest way for the communists (Harris, Obama, Jarrett, Walz, Pelosi, etc.,) to gain ultimate control.

Trump's plan to cut taxes, spending, encourage families to have kids, and institute tariffs is our best chance to reverse this.

There are maybe 8 or 9 countries in worse shape than we are with regard to the debt/GDP ratio. Japan is in worse shape.

It is dire.

But there is only one machine on Planet Earth capable of bringing us out of this: The formidable US Economy.

And there is one, and only one, human being capable of leading us out of this inferno: President Trump.

[Alberta's Child]

Congress is not the problem here. American voters are.

Fiscal responsibility is a political platform with no real constituency.

[lurk]

The student of history and Old Testament prophecy knows to expect this. Great nations always become foolish and evil, bringing about their end.

[lgjhn23]

“..Nobody can save a nation from the bad decision that was taken a hundred years ago and exacerbated by further debasements in the decades since....”

The communists planned this out over decades and see it coming really fast now, which is why they’re are running “heels-up” and tampon Tim.
They are deliberately wanting to lose to Trump in order to dump this very nasty turd in Trump’s lap and blame him for all of it. Communists are vile, nasty bassturds.

[metmom]

And it looks like they are succeeding.

[Maelstrom]

Trump is only 1 man.

[sauropod]

Tax cuts create more income to the gubbermint. That is where the author is wrong.

[antidemoncrat]

So when are our creditors going to demand the US pay off debts by paying with gold bars from Ft. Knox?