The US debt crossed the $31 trillion mark on October 3, just eight months after it crossed $30 trillion on January 31.
Less than three years ago, the debt was $23 trillion.
Twelve years ago, it was $13.6 trillion.
No wonder inflation is as high as it is. Even so, it’s going to get much, much worse.
anonymous coward · October 5, 2022 at 4:19 pm
Makes JR over at survival blog, the Tangible Heavy Contrarian look like a profit!
Divemedic · October 5, 2022 at 5:45 pm
anonymous coward · October 5, 2022 at 7:05 pm
Lucy Furr · October 5, 2022 at 7:28 pm
Gorn · October 7, 2022 at 12:01 am
SiG · October 5, 2022 at 5:52 pm
This is an inevitable result of the monetary creation the Fed does. Modern Monetary Theory. Once they get addicted to free money, they have to print more because the Marginal Utility Function means every dollar they create is worth less than the one before it.
It HAS TO collapse or else someday you’re paying a million dollars for a dozen eggs because a dollar has inflated away to less than a milli-cent: $0.00001. Hyperinflation is monetary collapse.
Exile1981 · October 5, 2022 at 11:13 pm
Nextr trillon mark will be in 6 months or less.
Big Ruckus D · October 6, 2022 at 11:31 am
Sounds like a good bet. It could also well be the last trillion dollars these fuckfaces get to appropriate. I can’t help thinking the end of the line for the current perversion of a govt and country we are burdened with is close at hand. The rate of acceleration towards complete failure has now gone hyper-exponential. The good – and bad – news is that the debt will be defaulted on.
Smoke ’em if you got ’em, I guess.
Bear Claw Chris Lapp · October 7, 2022 at 6:32 am
Yep, Fed printer go brrrrrrrrrrrrrrrrrrrrrrrT.
T is not for the Warthog, it’s when the printer locks up. Like the ding when metal brakes.
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