Posted on 03/01/2024 10:01:50 AM PST by george76
The debt load of the U.S. is growing at a quicker clip in recent months, increasing about $1 trillion nearly every 100 days.
The nation’s debt permanently crossed over to $34 trillion on Jan. 4, after briefly crossing the mark on Dec. 29, according to data from the U.S. Department of the Treasury. It reached $33 trillion on Sept. 15, 2023, and $32 trillion on June 15, 2023, hitting this accelerated pace. Before that, the $1 trillion move higher from $31 trillion took about eight months.
U.S. debt, which is the amount of money the federal government borrows to cover operating expenses, now stands at nearly $34.4 billion, as of Wednesday. Bank of America investment strategist Michael Hartnett believes the 100-day pattern will remain intact with the move from $34 trillion to $35 trillion.
...
Moody’s Investors Service lowered its ratings outlook on the U.S. government to negative from stable in November due to the rising risks of the country’s fiscal strength.
“In the context of higher interest rates, without effective fiscal policy measures to reduce government spending or increase revenues,” the agency said. “Moody’s expects that the US’ fiscal deficits will remain very large, significantly weakening debt affordability.”
(Excerpt) Read more at cnbc.com ...
$50T is at the end of this decade....just as Dave Bratt calculated....
Bkmk.
$37 Trillion by Christmas.
So Goldfinger's plans were all for naught?
It will, I believe, be a greater transformation this time, with entirely electronic means of exchange, no cash, and therefore no anonymous exchanges.
“The people responsible for this are feathering their nests and planning their safe getaways.
We have dark times ahead”
These scumbags like pencil necked vote $$ stealing geek Zuckerberg are building their bomb shelters on their heavily guarded estates. Won’t help them in the end.
$10 BILLION a day of money they do not have to spend.
“Spend and borrow” economics have had their day - time to slash spending and eliminate “pro business” tax loopholes (such as on carried interest). Foreign aid is less than 1% of the budget so we as a nation have to think of where we want to cut.
“Spend and borrow” economics have had their day - time to slash spending and eliminate “pro business” tax loopholes (such as on carried interest). Foreign aid is less than 1% of the budget so we as a nation have to think of where we want to cut.
If hyperinflation is near, saving money is a fool’s choice. Spend it on gold, silver, and copper-jacketed lead.
Mostly because the government if giving away money we don’t have.
You mean like they did with SS?
😨😨😱😨😱😨😱😨😱😨
And we will lose every penny we have.
Unless you are in certain industries (child trafficking, drug trafficking, money laundering, etc), you will retain every penny you have, and then some.
You’ll get even more - your 1040 taxes all along was theft. You’ll get that back.
See the details on NESARA/GESARA.
Makes Trump feel not so bad about the NY interest charge every day on his court loss.💸💸💸💸💸💸💸💸💸💸
He switched to controlling the world’s bitcoins.
Bond complimented him.
https://www.getyarn.io/yarn-clip/9d34a296-d53c-42fa-993c-70c9d87eb375
It is insane. It leaves me speechless.
In addition, the US government has to refinance $11T in debt this year, at the much higher rates than it was last financed at. And lately there have been signs inflation is reigniting, which are delaying any talk of cutting interest rates. So a possible snowball effect is in play.
To many Freepers be like: "Government is out of control! It is corrupt! Imprisoning hundreds of political prisoners, censoring citizens, lawfare against Trump and anyone opposed to their agenda, which they are shoving down our throats! Endlessly increasing spending, most of which goes to line the pockets of the elites and pay welfare voters to keep them in power!"
Their wife: "Honey, we've got some extra money to invest this month."
Freepers: "I know! Let's invest in T-bills to help fund the government!"
Buy bitcoin folks. Thank me later.
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