In 2021, I predicted that US debt would exceed $100T by 2030.
Many thought that that was a ludicrous prediction. Now it seems quite sober.
Discussion
Pretty sad
The dollar only “works” when in debt.
- 2000: $5.7 trillion
- 2001: $5.8 trillion
- 2002: $6.2 trillion
- 2003: $6.8 trillion
- 2004: $7.4 trillion
- 2005: $7.9 trillion
- 2006: $8.5 trillion
- 2007: $9.0 trillion
- 2008: $10.0 trillion
- 2009: $11.9 trillion
- 2010: $13.5 trillion
- 2011: $14.8 trillion
- 2012: $16.4 trillion
- 2013: $16.7 trillion
- 2014: $17.8 trillion
- 2015: $18.1 trillion
- 2016: $19.6 trillion
- 2017: $19.9 trillion
- 2018: $21.5 trillion
- 2019: $22.7 trillion
- 2020: $23.2 trillion
- 2021: $27.7 trillion
- 2022: $30.0 trillion
- 2023: $31.8 trillion
- 2024: $33.9 trillion
- 2025: $36.3 trillion
Yeah, but did you bet on it? I'll take that bet.
I bet on it by converting all of my fiat to bitcoin.
Anything is possible
Looking at the cost of US interest is quite something though isn't it
And the idea that more debt is needed to service the old debt
Hence the "debt spiral" outcome is already happenign