US public debt to rise by 5.2 Billion every day in the coming decade…
% of debt to GDP in excess of 100% and not sure how it comes back down at these rates.
Chart from ZH and BoA.
Discussion
I’ve read that its mathematically/financially not possible anymore since it passed a critical debt/GDP ratio. Only possible way is if GDP grows at an unheard of unprecedented rate.
Narrator: It never came back down.
Did I read that right, 5.2B every day 🤯
More important is the 2s 10s curve inversion…-81 bps
Best indication of recession
What about 10yr 3month spread?
-128bps spread is brutal on the 3mo 10s spread: More of a look at where today/ shorter term market is rather a predictor of pain like 2s 10s
Sats on the way 🙏🏼
Nevermind, I tried but the wallet returned “this is not a lightning address”
Interesting. Let’s do a test. I’ll send you Sats
Got it. Let me try again
I’ve tried multiple times
🤝
The revolving refinancing of maturing US public debt will accelerate the longer rates are as high.
All those ventilators ordered during covid were for the economy... fact.
This looks like indentured servitude.
Narrator: "It doesn't"
And yet market is in bull, credit cards all time high and FED rising only 0.25 per time after inflation is the highest in 40 years. They’ve lost control or they can always break the system
Default
Is that why Agenda 2030 is the contingency plan, because they know by then there will be a meltdown?
I’ve seen this chart used to justify wealth taxes. The thinking is that excess printed money inflated asset values and the government needs to tax those assets to reclaim the money and reduce the debt.
Seems sustainable
If an egg costs a billion dollars then the debt is only rising by 6 eggs a day. Problem solved.
Your animated profile pic might be the dopest thing I’ve ever seen 🤙🏼
I’ve been trying to rack my brain for an article on how BTC could save social security or other social programs. While a 5% allocation from the SS balance to Bitcoin, it has NOTHING on the future and unfounded liabilities. It’s totally toast. 
If the majority of US citizens or global citizens could personally custody an asset completely independent of their countries fiat, in theory you could just accelerate the inflation of all fiats globally and reset debt/GDP to say 20ish percent. Debt jubilee repeated as it has been for 4000 years. The trade off for governments is we would officially be on a bitcoin standard. They could remain in power, but with a new monetary constraint not controlled by any government or small groups of people to manipulate.
Yea. Another way to look at it - prospective PV calcs. Look awful, and there are likely *generous* assumptions that the treasury is using. https://www.fiscal.treasury.gov/reports-statements/financial-report/statements-of-long-term-fiscal-projections.html
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How could someone see this and think that we could be ok without Bitcoin in the future? 🧐
Wtfhappenedin1971.com
The more concerning thing is the US debt is ~10X bigger if you include unfunded liabilities (IOUs), such as social security, medicare, and inter-govt bonds (h/t Bridgewater)
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Everything’s fine 🤙
Your post is getting noticed.
Added to the https://member.cash/hot feed
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I read this post by Zero hedge, man that's concerning.
It's not just the absolute nominal debt and percent of GDP, but I think #[2] pointed out that the area under the curve matters.
The last spike was relatively brief during WWII, this one has been building since the Nixon shock in the 70s.
It will come down. In due time, it will come down.
😳😳😳
Why we need this 🟠🟣.
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So I guess MATH is a 'conspiracy theorist' now... Right?
TBIA 😂