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Started By
Message
Interest on the debt is 60% of the Amount taken in by the Treasury in February
Posted on 5/9/24 at 9:01 pm
Posted on 5/9/24 at 9:01 pm
Next year interest will be one trillion. And with higher rates and 8 trillion in bonds soon to be refinanced, it's going to get worse fast.
By 2030, we're looking at 1.5 trillion.
We are screwed and there is no solution. Take all other threats together (except maybe thermo-nuclear war) and they aren't one tenth the risk of this.
We are still at historically low rates. So this will get worse and worse as we refinance at higher rates.
To solve this the right way, we would need to gut discretionary spending and half defense spending.
There is no way they will have the balls to do that.
So regardless of what you hear from the fed, they will ultimately monetize the debt and rely on inflation to take care of the problem.
So we have to have an alternative to the dollar. The dollar is dying. There is no stopping it. We're going to see inflation and sluggish growth (stagnation) for a couple of generations.
Buy Gold. BRICs will ultimately go to a gold backed currency. Central banks are buying gold. Some nations are offering gold backed accounts. Demand is increasing.
By 2030, we're looking at 1.5 trillion.
We are screwed and there is no solution. Take all other threats together (except maybe thermo-nuclear war) and they aren't one tenth the risk of this.
We are still at historically low rates. So this will get worse and worse as we refinance at higher rates.
To solve this the right way, we would need to gut discretionary spending and half defense spending.
There is no way they will have the balls to do that.
So regardless of what you hear from the fed, they will ultimately monetize the debt and rely on inflation to take care of the problem.
So we have to have an alternative to the dollar. The dollar is dying. There is no stopping it. We're going to see inflation and sluggish growth (stagnation) for a couple of generations.
Buy Gold. BRICs will ultimately go to a gold backed currency. Central banks are buying gold. Some nations are offering gold backed accounts. Demand is increasing.
25
Posted on 5/9/24 at 9:02 pm to RiverCityTider
Sounds like the script from a talk radio ad.
Posted on 5/9/24 at 9:08 pm to RiverCityTider
we're going off a cliff at some point. no question about if, only when. people just want to be delusional as long as they can.
Posted on 5/9/24 at 9:13 pm to RiverCityTider
Its a tale as old as time
Posted on 5/9/24 at 9:14 pm to RiverCityTider
quote:
Next year interest will be one trillion.
Too late. Last year's interest was 1.025T. From that point onward, it will continue to be over $1T until the currency crumbles under the weight of so much debt.
Posted on 5/9/24 at 9:15 pm to RiverCityTider
Take it to the Money Board. You will find a whole cohort of posters who will tell you that this isn't a problem at all.
Posted on 5/9/24 at 9:16 pm to RiverCityTider
There is no way they will have the balls to do that.
Trump and Vivek will
Trump and Vivek will
Posted on 5/9/24 at 9:16 pm to RiverCityTider
Willie Wonka opines on government spending!
Posted on 5/9/24 at 9:16 pm to RiverCityTider
quote:
Interest on the debt is 60% of the Amount taken in by the Treasury in February
Not that this is much of a consolation but the interest on the debt is a little less because the interest the Federal Reserve makes on Treasury Bonds they purchased with printed money is returned to the Treasury after expenses.
The Federal Reserve has about $7 trillion in Treasury Bonds they purchased with printed money.
This post was edited on 5/9/24 at 9:17 pm
Posted on 5/9/24 at 9:20 pm to RiverCityTider
The amount taken in by the Treasury is immaterial. It's all based on the US' willingness to enforce our fiat currency as the world's reserve notes under threat of force from the US Military.
Stop asking about what we're going to do about the national debt and start asking about who the national debt is owed to.
Stop asking about what we're going to do about the national debt and start asking about who the national debt is owed to.
Posted on 5/9/24 at 9:42 pm to RiverCityTider
How exactly do we have debt when we print our own currency? Why do we pick and choose when we inject/remove currency from circulation? Sounds like this has been planned in advance.
Posted on 5/9/24 at 9:45 pm to RiverCityTider
quote:
there is no solution.
I have an idea! How about we have 2 of the biggest spending presidents in history run against each other again. Surely, that'll help!
Posted on 5/9/24 at 10:21 pm to RiverCityTider
This is the result of believing and voting for the GOPe's last 30 years of campaigning on reducing the deficit and closing the border.
The only good news is that the crash will happen before the uni-party confiscates private weapons.
The only good news is that the crash will happen before the uni-party confiscates private weapons.
Posted on 5/9/24 at 10:22 pm to RiverCityTider
Let’s be real. We are goi g to have to plunder our way out of this. It’s the American way.. there’s options on how this is done but our current course will devolve our government to ruin
Posted on 5/10/24 at 1:55 am to RiverCityTider
quote:
BRICs
Lost me here.
Posted on 5/10/24 at 2:24 am to RiverCityTider
Our country was sold out...just to get rid of a President that wasnt in the club
Posted on 5/10/24 at 2:57 am to RiverCityTider
That's why the elites have to collapse the system and have the great reset. Otherwise, the ponzi scheme is up
Posted on 5/10/24 at 4:31 am to RiverCityTider
I don’t know if 60% if correct but let’s say it is.
That isn’t sustainable.
That isn’t sustainable.
Posted on 5/10/24 at 5:51 am to RiverCityTider
Ban lobbyists, end the fed.
Posted on 5/10/24 at 6:21 am to RiverCityTider
You're correct.
However, everyone else is just as if not more fricked.
Which is the only reason we've gotten away with it so long.
However, everyone else is just as if not more fricked.
Which is the only reason we've gotten away with it so long.
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