The US treasury is accumulating so much debt that it is trashing the validity dollar even if the Fed isn’t creating base money at the moment.

Anyone who can do third grade arithmetic can also figure that the US can’t repay its debts in any scenario. Most other nation states are in a similar predicament, but they’re not the global reserve currency.

Back a handful of years all of the progressive cucks would claim if the gubmint would just scale back defense “spending” then the US would *basically* be solvent (lol)

With US interest expenses now rivaling defense spending and growing parabolically, the rest of the world is losing the last vestiges of confidence they had in the US fiat system.

US soft default in progress - maybe in the first third of complete debt devaluation.

Gold and #Bitcoin know…