$3 trillion dollars in a year, and nothing happened, no Covid panic, no wars, no economic collapse, just a little $3 trilly to keep things going..
We are so fucked we have to 🖨️🖨️🖨️ just to maintain..
GM nostr:note1clqfem34tnaz0qww0pza75x5g3390ulr9vd68ypqgthz2rs5yr8s37x0x6
Because of higher rates the annual interest payment on the debt is now bigger than the defense budget.
Here's how fucked we are:
If you confiscated 100% of the personal wealth of all American billionaires you could afford to pay just the interest on the debt for about 4.5 years. That's all.
Something’s gotta give..
#nipah I’m sure the cure wont
Somehow knowing the “case” and “justification” to violate my shit makes it quite challenging to justify when shooting the wrong guy for it, but illustrate the motive.
Sicko, no?
nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m
Didn’t go on?
Guess the theme management requires cures to keep honest.
nostr:npub1chakany8dcz93clv4xgcudcvhnfhdyqutprq2yh72daydevv8zasmuhf02
What was that justification of “booking” about after nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a goes rodenting?
They can only pay back maturing bonds by auctioning more bonds, and now we're getting to the point where the government has to issue new debt just to pay the interest on the debt. This debt be paid back. There are only 2 options:
1. Default and reprice the debt, which would be immediately devastating to the whole world.
Or
2. Inflate away the value of the debt with massive monetary debasement. Also devastating although in a slower more insidious way.
They'll go with option 2 first.
The real problem comes if the world collectively realizes that the US can no longer make good on its debt obligation. All those treasures suddenly become worthless paper and that hurts everyone because nearly everyone is exposed to treasuries though pension funds and stuff. Even the social security trust fund is exposed.
