The national debt stands at $27.5 trillion. The first time I blogged about the debt, the US owed $10.6 trillion. That was in 2008. A year ago, I warned that we were borrowing a trillion every ten months. A trillion dollars ago was August. Two trillion dollars ago was May. A year ago, the debt was $23 trillion. The government has borrowed $4.5 trillion in the last year.
Congress just authorized another $2.5 trillion in spending and COVID stimulus. That means we are guaranteed to have a national debt of $31 trillion by next Christmas. Our economy cannot support this level of spending.
The wheels are coming off. Find things to store wealth that are not denominated in dollars: gold, Bitcoin, ammo, food. I have a feeling it will be worth much more in the near future.